Porsche names new CEO
Mr Müller was previously in charge of product planning, product management and model series for the VW Group and the Volkswagen brand.
'Matthias Müller gives us the exceptional competence of an outstanding product expert benefiting the interaction of independent brands within an Integrated Automotive Group leading the market worldwide. Contributing this knowledge, he guarantees that Porsche, as a world brand, will not only maintain, but further expand its top position,' said Dr Wolfgang Porsche, chairman of the supervisory board of Porsche AG.
Mr Müller succeeds Michael Macht, who becomes head of production at VW.
Uwe Hück, chairman of the Porsche AG Group Works Council, said: 'I wish Michael Macht all the very best and lots of success in his new position on the Volkswagen Group Board. I know that in future the people at Porsche will remain close to him and that he will continue to work all-out to use the full capacity of our plants in Zuffenhausen and Leipzig to the benefit of the company.'For more of the latest industry news, click here.