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Porsche Announces Change In Management Board - Quick Facts

2/27/2012 11:58 PM ET

Porsche Automobil Holding SE (POAHF.PK,POAHY.PK) said by his own wish and in consultation with the Supervisory Board, Thomas Edig, member of the Management Board of the company, Stuttgart, in charge of commercial and administrative affairs will leave the Board, effective February 29, 2012 to fully concentrate on his tasks and bring forward the 'Strategy 2018' in his role as member of the Management Board at Dr. Ing. h.c. F. Porsche AG, Stuttgart. The company stated that its Supervisory Board in its meeting on Monday has agreed to it.

Also, the Supervisory Board appointed Philipp Alexander Edward von Hagen to the Management Board of Porsche, effective March 1. Hagen actually serves as Director Global Financial Advisory with Bankhaus Rothschild.

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by RTT Staff Writer

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