Lutz Meschke: Porsche CFO will also become a board member at Holding Porsche SE

Lutz Meschke

The manager will continue to carry out his duties as CFO and deputy chairman of the board of the sports car manufacturer Porsche AG.

(Photo: dpa)

Stuttgart Porsche-Finance director Lutz Meschke will also be responsible for the investment business of VW– parent company Porsche SE. The 54-year-old will take over the position on the board of the holding company from Philipp von Hagen, who will leave the company on June 30 at his own request, announced Porsche SE (PSE) on Monday. Meschke will continue to carry out his duties as CFO and deputy chairman of the board of the sports car manufacturer Porsche AG.

The Porsche SE is the main owner of the VolkswagenGroup. It holds 53.3 percent of the voting rights in the Wolfsburg-based carmaker, as well as smaller interests in other companies. For example, the Karlsruhe traffic software developer PTV belongs to Porsche SE. The sports car maker Porsche, in turn, is a VW subsidiary.

The PSE Supervisory Board also extended the contract from Management Board member Manfred Döss by five years with effect from January 1, 2021. Döss is responsible for the area of ​​law and compliance and at the same time chief legal advisor at Volkswagen. PSE CEO Hans Dieter Pötsch is also the chairman of the VW supervisory board.

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