Porsche said on Tuesday that Matthias Mueller, a top manager at Volkswagen AG, will take over as chief executive of the sports car maker later this year ? a move that underlined Volkswagen and Porsche’s progress toward a merger.
Mr Mueller, 57, will succeed Michael Macht on Oct. 1, Porsche said.
Mr Macht is moving to Volkswagen to take responsibility for group production; he will replace Jochem Heizmann, who will oversee the truck business.
Mr Mueller is currently responsible for product planning, product management and models at Volkswagen.
Mr Mueller has extensive experience of cooperation between brands in an integrated car company, Porsche supervisory board chief Wolfgang Porsche said.
Porsche last year lost a bid to take over the much larger Volkswagen, which turned the tables and is now moving toward a full merger in which Porsche will become the group’s 10th brand.
- The Straights Times