On February 1, 2025, Porsche suddenly announced that the Supervisory Board of Porsche (Dr. Ing. hc F. Porsche Aktiengesellschaft) had authorized its Chairman to enter into discussions regarding the amicable early termination of the terms of two executives.The announcement had been made..
On February 25, 2025, Porsche AG officially announced that it would "initiate long-planned changes to its board of directors."
The details of the agreement are that, by mutual agreement, Lutz Meschke (58) and Detlev von Platen (61) will retire from Porsche and, effective February 26, 2025, Jochen Breckner (47) will take over responsibility for Finance and IT, and Matthias Becker (54) will take over responsibility for Sales and Marketing.
The way they tilt their heads is similar (I don't care lol) ↓
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By the way, Jochen Breckner was previously Porsche's General Secretary and Head of Corporate Development, and Matthias Becker most recently served as head of Porsche AG's Overseas and Emerging Markets region, where he developed the region into one of Porsche's strongest sales pillars.
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Wolfgang Porsche, Chairman of the Supervisory Board, said: "I am very pleased that with these appointments we have been able to find two excellent successors from within Porsche. Together we will continue to write our unique success story."
He also expressed his gratitude to the two executives who are retiring at the same time.
Lutz Meschke, who is leaving, is retiring after 24 years of work at Porsche. He originally joined Porsche AG from Hugo Boss in 2001. Wow.
He started out in accounting at Porsche and eventually made a major contribution to Porsche AG's IPO in 2022.
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Detlev von Platen joined Porsche AG in 1997. He was CEO of Porsche France and Porsche North America before taking up his current position. He was deeply involved in the expansion of the business in the US and the launch of electric vehicles (Taycan, Macan) on the market.
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The two new hires are both experienced professionals who have been with Porsche for many years, and Porsche CEO Oliver Blume said, "These personnel changes are the result of planned succession planning and long-term talent development."
Now, regarding this personnel change.
Of course, we understand that Porsche has always been and always will be a business.
Of course, I am viewing this announcement as a business matter, but even so, as someone who has been closely following Porsche's announcements up until now, I had the impression that Meschke and Oliver, who are leaving, were good friends both in public and private, so this personnel news made me feel a little sad.
However, Meschke will remain as a director of Porsche SE, an investment company controlled by the Piech and Porsche families (it holds 12.51 TP1T of Porsche shares and is Volkswagen's largest shareholder), so I guess there were a lot of discussions about this personnel change, including how to present it to the public.
In any case, I hope that with the addition of these two new executives, Porsche as a whole will move in a positive direction!
Thank you for your hard work, Mr. Meschke and Mr. Platen.
Source:
◆(Official)Porsche AG initiates long-planned change to its Executive Board
◆Porsche names new CFO and sales chief in bid to revive performance
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