Company Overview of Dr. Ing. h.c. F. Porsche AG
Dr. Ing. h.c. F. Porsche AG designs, develops, manufactures, and distributes vehicles, engines, and other technical products. The company is based in Stuttgart, Germany. As of August 1, 2012, Dr. Ing. h.c. F. Porsche AG operates as a subsidiary of Porsche Zwischenholding GmbH.
Key Executives for Dr. Ing. h.c. F. Porsche AG
Chairman of Executive Board
Member of Executive Board and Head of Human Resources Department
Deputy Chairman of Executive Board
Head of Sales & Marketing and Member of the Executive Board
Compensation as of Fiscal Year 2015.
Dr. Ing. h.c. F. Porsche AG Key Developments
Dr. Ing. h.c. F. Porsche AG Announces Executive Changes
Oct 1 15
At its meeting, the Supervisory Board of Dr. Ing. h.c. F. Porsche AG appointed Dr. Oliver Blume (47) the Chairman of the Executive Board of the company effective October 1, 2015. Blume succeeds Matthias Muller (62), who was appointed by the Supervisory Board of Volkswagen AG to be the new Chairman of the Board of Management of the group. It has been exactly five years since Muller left Volkswagen to become the CEO of Porsche AG. Since the beginning of 2013, Blume has been a member of the Porsche Executive Board responsible for Production and Logistics. Another new appointee is Detlev von Platen (51) who will be a member of the Porsche Executive Board for Sales and Marketing. Von Platen comes to Zuffenhausen from the USA where he was Head of Porsche Cars North America for just over seven years. The new Head of Sales will assume his new post on November 1, 2015. On the same date, his predecessor, Bernhard Maier (55), will be reassigned from Zuffenhausen to Mlada Boleslav in the Czech Republic where he will assume the position of Chairman of the Board of Management of Skoda. The Supervisory Board appointed the Executive Board Member for Finance, Lutz Meschke (49), as the Deputy Chairman of the Executive Board. The previous Deputy Chairman of the Executive Board was Thomas Edig, who is leaving the company at the end of September to take a position as Board Member for Human Resources at the Volkswagen Commercial Vehicles brand. In upcoming weeks, a decision will be made on the successor to Blume as the Board Member responsible for Production.
Dr. Ing. h.c. F. Porsche AG Announces Board Changes
Sep 24 15
The Supervisory Board of Dr. Ing. h.c. F. Porsche AG, Andreas Haffner (49) was appointed successor to Thomas Edig (53) on the Executive Board of the company. Haffner will head the Human Resources department with effect from October 1, 2015. Edig had been Member of the Executive Board of Porsche AG since May 2007 and also Deputy Chairman of the Executive Board since July 2009. From July 2009 to February 2012, he was also member of the Executive Board of Porsche Automobil Holding SE. Edig will remain within the Group. On October 1, 2015, he will relocate from Stuttgart to Hannover and will be responsible for Human Resources as Member of the Management Board of Volkswagen Commercial Vehicles. Andreas Haffner moves from the Group headquarters of Volkswagen in Wolfsburg to Zuffenhausen. He has been Head of Group Human Resources Top Management for the past four and a half years and was responsible for the recruitment of all managerial posts. Previously, Haffner worked for 17 years in various managerial positions in Human Resources and Social Affairs at Porsche AG, Porsche SE and Volkswagen AG.
Dr. Ing. h.c. F. Porsche AG Reports Earnings Results for the First Half of 2015; Provides Earnings Guidance for the Year 2015
Jul 29 15
Dr. Ing. h.c. F. Porsche AG reported earnings results for the first half of 2015. The company delivered 113,984 vehicles in the first six months of the 2015 fiscal year, up 30% compared to the same period in 2014. During this time, revenue increased 33% to EUR 10.85 billion. The operating profit surpassed the 2014 figure by 21% yielding EUR 1.70 billion.
The company announced that it will surpass the previous year's results in the 2015 fiscal year and will reach the self-set target of a 15% return on sales.
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