Porsche boss earns 5-year contract extension

The Porsche board took time out from passing the BBQ chips around the table on Friday to stop and reflect on the tenure of Chairman Matthias Müller. Happy with his performance they’ve given him a five-year contract extension.

Uwe Hück, Deputy Chairman of the Supervisory Board and Chairman of the general and group works council of Porsche AG—now that is a fancy job title—spoke in glowing terms about Müller and the importance he has in maintaining Porsche’s culture since joining the Volkswagen portfolio.

“The Strategy 2018 is paying off,” Hück said. “The integration into the Volkswagen Group and the independence of Porsche are no contradiction, they stand for success. Porsche and the number of employees are growing—in Zuffenhausen, in Weissach and in Leipzig.

“However, in spite of this growth, we want to preserve the proven Porsche culture and we will continue to go down this road with Matthias Müller. He is an employer with a heart and quite simply, that’s good for Porsche.

“Now, can we start the BBQ chicken please. I just love that chargrilled tatse!”

Ooh, word has just come through from the Porsche press office suggesting that Hück may not have said that final sentence.

Porsche extends contract of Matthias Müller by five years

• Supervisory Board of Dr. Ing. h.c. F. Porsche AG expresses confidence in Chairman
• New five year contract commences 1 January 2015

In its meeting today, Friday, 28 February 2014, the Supervisory Board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, re-appointed the Chairman of the Executive Board, Matthias Müller, for a further five years. Matthias Müller has been Chairman of the sports car manufacturer since 1 October 2010. His new term of office will commence 1 January 2015.

The Chairman of the Supervisory Board, Dr. Wolfgang Porsche, thanked Matthias Müller, saying: “Under his leadership, the company has continued to develop positively and the integration of the sports car manufacturer into the Volkswagen Group worked perfectly. We look forward to working with him in the years to come.”

The Deputy Chairman of the Supervisory Board and Chairman of the general and group works council of Porsche AG, Uwe Hück, emphasised the considerable increase in the number of employees, saying:

“The Strategy 2018 is paying off. The integration into the Volkswagen Group and the independence of Porsche are no contradiction, they stand for success. Porsche and the number of employees are growing – in Zuffenhausen, in Weissach and in Leipzig. However, in spite of this growth, we want to preserve the proven Porsche culture and we will continue to go down this road with Matthias Müller. He is an employer with a heart and quite simply, that’s good for Porsche”

At its meeting today, the Supervisory Board of Porsche Automobil Holding SE, Stuttgart, also extended Matthias Müller’s appointment as Chairman of Strategy and Corporate Development for five further years, starting on 1 January 2015. Matthias Müller takes on this function as well as that of the Chairman of the Executive Board of Porsche AG.