Realignment of the Porsche Holding Salzburg business divisions

Salzburg, 1 December 2020 - With effect from 1 January 2021, Porsche Holding Salzburg will undergo a restructuring of its business divisions and personnel changes will be made within the management structure.

The retail business, which was previously structured in two divisions, will be merged and will in future be managed by Rainer Schroll. The aim of this measure is to leverage cross-border synergies and to better and more efficiently meet future challenges in automotive retail such as digitalization and electrification.

Wholesale, Porsche Bank and Human Resources will remain under the leadership of Hans Peter Schützinger, who will also remain CEO of the PHS Management Board. In addition, an independent Finance division will be created, which will be under the responsibility of Johann Lechner. J. Lechner, who has worked at Porsche Holding Salzburg since 2002, is regarded as a recognised financial expert within the Group and will join the management of PHS. In addition to the financial briefs, he will also be responsible for Porsche Informatik and Porsche Immobiliengesellschaft.

Johannes Sieberer, who has successfully occupied a range of roles for more than 30 years, most recently as Executive Member of the PHS Board since 2012, will be leaving the company at his own request and by mutual agreement.

Dr. Hans Peter Schützinger, CEO of the Porsche Holding Salzburg Management Board, comments: "Both I and my PHS Board colleague, Rainer Schroll, regret Mr Sieberer's decision. We would like to thank him for the determined and consistent work he has undertaken over the many years as a top-level executive and most recently as a PHS Board Member. He has helped the company to achieve sustainable growth and great success and we wish him all the best for his further career!"