Porsche extends contract of Matthias Müller by five years

The supervisory board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, has re-appointed the chairman of the executive board, Matthias Müller, for a further five years. Matthias Müller has been chairman of the sports car manufacturer since October 1, 2010. His new term of office will commence January 1, 2015.

The chairman of the supervisory board, Dr. Wolfgang Porsche, thanked Matthias Müller, saying: "Under his leadership, the company has continued to develop positively and the integration of the sports car manufacturer into the Volkswagen Group worked perfectly. We look forward to working with him in the years to come."

The deputy chairman of the supervisory board and chairman of the general and group works council of Porsche AG, Uwe Hück, emphasised the considerable increase in the number of employees, saying: "The Strategy 2018 is paying off. The integration into the Volkswagen Group and the independence of Porsche are no contradiction, they stand for success. Porsche and the number of employees are growing – in Zuffenhausen, in Weissach and in Leipzig. However, in spite of this growth, we want to preserve the proven Porsche culture and we will continue to go down this road with Matthias Müller. He is an employer with a heart and quite simply, that's good for Porsche."