German Manager Magazin: Porsche: Sports car manufacturer is planning conversion of the board of directors003929

The sports car manufacturer Porsche Plans to convert the leadership. The deputy chairman Lutz Meschke (58), who is responsible for finance and IT, and the sales and marketing board Detlev von Platen (61) should leave the company. This was announced by the company on Saturday evening in an ad hoc message. Supervisory Council leader Wolfgang Porsche (81) should have the talks with the two board members through a mutually acceptable departure from the board.

The “Bild” newspaper had first reported on the reconstruction of the board. Both managers should have been criticized for a long time and, according to the “Bild” newspaper, are held responsible for the crisping business and the weak share price of Porsche.

The sports car manufacturer reported in mid -January, to have sold fewer cars last year than in the previous year. The global deliveries fell by 3 percent to around 310,700 vehicles. In China If the sales have broken massively – a strong minus of 28 percent compared to the previous year.

Long-time Porsche manager

Meschke has held the office of CFO at Porsche since 2009. The business economist and tax consultant has been working for the car manufacturer for more than 20 years. He started in 2001 at Porsche as head of accounting in the finance department and was appointed head of controlling in 2004. There he was instrumental in a cost reduction program of the carmaker started in 2008 before he rose to the board.

From Platen also came to Porsche in 2001. At first he was responsible France-business, then the North American market. Since 2015 he has been managing sales and marketing as a board.

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