Effective October 1, Porsche's current chief executive Michael Macht will move to Volkswagen's management board to oversee production for the entire group. In his place, Matthias Müller – pictured right, a 33-year veteran of the VW Group and currently head of product planning – will take the reins as chairman of Porsche's board of management.
Volkswagen AG has also created a new board to supervise the company's various commercial truck divisions, which will be chaired by Prof. Dr. Jochem Heizmann, who currently holds the production portfolio that departing Porsche chairman Michael Macht will now be assuming. Got that all straight? You can read more in the press releases from both Volkswagen and Porsche after the jump.
[Sources: Porsche, Volkswagen]
MATTHIAS MÜLLER NEW CHAIRMAN OF THE PORSCHE AG BOARD OF MANAGEMENT
- Matthias Müller, an outstanding VW Group product expert, appointed to lead Porsche AG from October 1 2010
- Michael Macht appointed Board Member Production of VW Group to oversee the control and coordination of all plants within the VW Group worldwide
Müller moves from Volkswagen AG, Wolfsburg, to the top management of Porsche AG, following in the footsteps of Michael Macht (49), who has been appointed a Member of the Group Board Management of Volkswagen AG by the Supervisory Board. In future, Macht will be responsible for the Production Division and, as a result, the control and co-ordination of all plants within the Volkswagen Group.
Previously in charge of Product Planning, Product Management and Model Series for the VW Group and the Volkswagen Brand, Matthias Müller, from Chemnitz in Eastern Germany, has successfully promoted the development of Product Lines in the last three years within the VW Group.
"Matthias Müller gives us the exceptional competence of an outstanding product expert benefiting the interaction of independent brands within an Integrated Automotive Group leading the market worldwide. Contributing this knowledge, he guarantees that Porsche, as a world brand, will not only maintain, but further expand its top position", said Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, on the appointment of Müller.
Dr. Porsche also expressed great praise for the outstanding services of the former Chairman of the Board of Management. "Michael Macht took over the leadership of Porsche AG in a period crucial to the Company. Through his skill and many years of experience within the Porsche Group, he has succeeded in re-stabilising the Company within a short time, placing our operations on a strong and solid foundation. Concluding the Fundamental Agreement between Porsche Automobil Holding SE and Volkswagen AG, Michael Macht has played a significant role in setting out the on-going schedule for our fully Integrated Automotive Group."
The Chairman of the Porsche AG Group Works Council, Uwe Hück, also congratulated the former Chairman of the Board of Management. "I wish Michael Macht all the very best and lots of success in his new position on the Volkswagen Group Board. I know that in future the people at Porsche will remain close to him and that he will continue to work all-out to use the full capacity of our plants in Zuffenhausen and Leipzig to the benefit of the Company."
Hück also bid a warm welcome to the new Chairman of the Board of Management of Porsche AG. "From numerous talks with Matthias Müller I know that he will maintain Porsche's unique and independent position also in future. Precisely this makes him the right man for us representatives of the workforce, which is why we give him our full support. We already see him today as a genuine 'Porsche man' enabling us to really push down the throttle at all our plants. I am confident that the workforce will work well and successfully with Matthias Müller to the benefit of the Porsche Company as a whole."
Volkswagen extends Group Board of Management
- Prof. Heizmann to head new "Group Trucks" Board of Management division
- Michael Macht joins Group Board of Management
"The truck business is an essential part of the Volkswagen Group's growth strategy. Given this significance, truck activities will in future be managed direct at Group Board of Management level. We are fortunate to have won the support of Prof. Heizmann for this strategic task; he is an extremely experienced executive who has significantly improved the productivity of Volkswagen production and therefore the competitiveness of the Group in recent years", Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, underscored.
"With Michael Macht, Jochem Heizmann's successor, an acknowledged production expert is joining the Group Board of Management. He will vigorously pursue the productivity targets of the 'Volkswagen Way' and drive forward the expansion of the Group's production capacity." In China alone, Volkswagen will be doubling its capacity to approximately three million vehicles per year by 2013/14. "A broader-based Group Board of Management creates the framework for an even more systematic approach to achieving the goals of our Strategy 2018", Winterkorn commented.
Prof. Heizmann joined the Group in 1982. The engineer was appointed head of global production planning at the Volkswagen Passenger Cars brand in 1993. He was named spokesperson of the management of Volkswagen Sachsen in 2000 before being appointed member of the Board of Management of Audi AG responsible for production in 2001. He took charge of Group production in February 2007. "Thanks to his commitment, it has been possible to set up one of the world's most efficient production networks in the automotive industry", Winterkorn said.
Michael Macht joined Porsche AG in 1990. The engineering graduate became managing director of Porsche Consulting in 1994. He was appointed member of the Board of Management of Porsche AG responsible for production and logistics in 1998. He has been Chairman of the Board of Management of Porsche AG since July 2009.
Winterkorn said: "Michael Macht is an acknowledged production expert. As Chairman of the Board of Management of Porsche AG, he has made a key contribution to the envisaged union of Porsche and Volkswagen over the past year. Under his management, Porsche has been successfully established as an independent brand in the Volkswagen Group's multi-brand network."