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New VW Chairman Hans Dieter Potsch Takes His Place As Head Of Holding Company

Having already resigned as CEO of the Volkswagen Group, Martin Winterkorn brings his departure closer to completion by stepping down as chief executive of Porsche SE, VW's largest shareholder.


In August, 2009, as the scuttled merger of Porsche and Volkswagen had gone bad and Porsche was backed up against the ropes, Porsche Automobil Holding SE (PAHSE) relinquished a ten-percent stake in itself to Qatar Holdings as well as options it held on 17 percent of VW shares. The sale meant that, for the first time since the founding of the company 61 years before, an entity outside the Porsche and Piech families had a say in the running of PAHSE.

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