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

Quick Facts

Editors Pick
Ringling Bros. and Barnum & Bailey Circus, called as the Greatest Show on Earth, is coming to and end after 146 years of live entertainment. The decision reflects higher operating costs, and bigger than expected decline in ticket sales, mainly after the transition of the elephants off the circus. An investigation by Samsung Electronics Co Ltd. has found out that battery caused the fire issues with the abandoned Galaxy Note 7 smartphones, Reuters reported Monday, citing people familiar with the matter. The South Korean conglomerate has concluded the investigation into the explosions that resulted in the massive recall of Galaxy Note 7. Airbus Group SE plans to test a prototype for a self-piloted flying car by the end of 2017, Reuters reported, citing the aerospace group's chief executive officer Tom Enders. In order to alleviate urban congestion and to address the rising concern of rush-hour traffic, Airbus is looking skywards to develop three ambitious projects.
comments powered by Disqus
Follow RTT