UPDATE: Porsche's Wolpert To Be Strategy Chief At Volkswagen
27 August 2010 - 8:01PM
Dow Jones News
Porsche Automobil Holding SE (PAH3.XE) manager Klaus-Gerhard
Wolpert is set to become Volkswagen AG's (VOW.XE) new chief
strategist, Volkswagen said Friday, confirming information obtained
by Dow Jones Newswires.
Wolpert is set to replace Matthias Mueller, who is taking over
as chief executive of Germany's Porsche from October 1 and who was
formerly in charge of product management, product planning and
model series for the Volkswagen Group and the Volkswagen brand.
Wolpert is already the third Porsche manager to move to
Volkswagen within a short period of time, as the two companies
prepare to merge.
"Porsche and Volkswagen are continuing to dovetail," said Martin
Winterkorn, chairman of the board of management of Volkswagen
AG.
Wolpert, who joined Porsche AG in 1984, has been the head of the
Cayenne sports-utility vehicle since July 1998.
Current Porsche chief Michael Macht will become new board member
for production at Volkswagen, while Frank Tuch, previously a
Porsche executive, is now quality chief at Volkswagen.
-By Katharina Becker, Dow Jones Newswires; +49 69 29725 500;
djnews.frankfurt@dowjones.com
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