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January 31, 2022

Deputy chairman signs for a further five years with Porsche

Finance and IT chief onboard for another period.

By Graeme Roberts

The Porsche supervisory board has reappointed Lutz Meschke, deputy chairman of the executive board and head of finance and IT, for a further five years.

Meschke has been on the executive board since 2009 and deputy chairman since 2015.

Wolfgang Porsche, chairman of the supervisory board, said: “Meschke is driving forward the digitalisation and M&A activities with conviction. At the same time, he is also establishing Porsche in a future-oriented manner in the area of finance. In doing so, he makes an integral contribution to Porsche being among the most profitable automobile manufacturers in the world.”

Porsche has targeted a 15% return on sales and beat this in the first nine months of 2021 despite the coronavirus pandemic and semiconductor shortage.

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