Changes in Supervisory Board and Financial Services of Porsche

Changes in Supervisory Board and Financial Services of Porsche

After the CEO of Porsche, Oliver Blume, took over the position of chief executive of the Volkswagen Group, there were also changes in the Supervisory Board of the company. According to information from the company, Porsche has decided to expand the Executive Board to promote successful development, by appointing Sajjad Khan as head of the IT team.

Sajjad Khan

“We look forward to being able to welcome Sajjad Khan, a proven digital expert, to the Board and thereby to strengthen our IT team in a critical position. Our industry is experiencing the greatest transformation in its history. We laid the strategic groundwork very early on. Our focus now is on implementation, which we want to continue to drive forward together with Sajjad Khan,” said Oliver Blume.

Sajjad Khan has a truly rich career. In 2001 he joined DaimlerChrysler where he worked in the fields of infotainment and since 2004 he has been working on the development of electronic components for vehicles. Since 2007, he has been the director of the e-car and electronic units, and since 2011 he has been Vice President of the BMW Group. For the last seven years he was Vice President of Daimler AG.

In addition to the new members of the Executive Board, Porsche also made a change at Financial Services GmbH (PFS) by appointing a new spokesperson for the Management Board. That position will be held by an experienced financial expert who, over the past nine years, has held senior positions within the Volkswagen Group, Volker Reichhardt.

Volker Reichhardt

“Porsche Financial Services GmbH is set to expand further by taking on responsibility for Porsche Drive. We are therefore delighted that we have been able to recruit a prominent industry expert to continue our planned course of growth,” said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG.

One of the members of the Board of Directors of Porsche Financial Services GmbH is Michael Löffler, who was the head of sales and strategy management at Porsche. With this move, Porsche creates a more intensive network with the sales department and strengthens the connection between the parent company and the subsidiary.

Source: Porsche