logo
Share SHARE
FONT-SIZE Plus   Neg

Porsche Announces Change In Management Board - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Zynga Inc. (ZNGA) on Thursday reported a first-quarter loss that narrowed from a year ago, reflecting an increase in revenues despite continued drop in user-base. Earnings for the quarter trumped analysts estimates, as did revenues, sending the company's shares up 13 percent in extended trading hours. San... Shares of Fitbit Inc. (FIT) slumped over 12 percent in extended hours trading after the maker of wearable technology reported a drop in first-quarter profit hurt largely by a surge in operating costs. The company also detailed a weak outlook for the second quarter. Fitbit's profit for the first-quarter... Twenty-First Century Fox Inc., (FOXA, FOX) on Wednesday reported a third-quarter profit that dropped from last year, as an increase in revenues were offset by higher operating costs. Earnings for the quarter came in line with Wall Street estimates, while revenues trumped expectations. Fox's third-quarter...
comments powered by Disqus
Follow RTT