Porsche Automobil Holding SE (PAHA.F, POAHY.PK), Monday announced that Michael Steiner will take on the role of Deputy Chairman of the Executive Board, effective July 1, 2025.
Meanwhile, Vera Schalwig will assume responsibility for the Human Resources and Social Affairs division, succeeding Andreas Haffner, effective August 19, 2025.
Concurrently, the company announced that Joachim Scharnagl will take over the Procurement division from Barbara Frenkel.
Notably, Schalwig currently heads Human Resources at Porsche AG's headquarters in Stuttgart-Zuffenhausen, while Scharnagl is Head of Procurement for New Vehicle Projects and Supplier Management.
Currently, Porsche's stock is trading at 3.66 euros, up 1.66 percent on the Frankfurt.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.