Porsche Plans to Hire Mercedes’s Former Tech Chief Ahead of Potential IPO
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Porsche AG is planning a splashy new hire in the lead up to its probable initial public offering.
The Volkswagen AG-owned sports-car maker intends to appoint Sajjad Khan to its executive board, according to an emailed statement. He was chief technology officer at crosstown rival Mercedes-Benz Group AG until a year ago, when he left to start a venture capital fund.