Volkswagen owner expands painting – Pötsch relinquishes power

Hamburg the Volkswagen– main shareholder Porsche SE He expands the board a few months after his promotion to Dax. Johannes Latwin is a new member of the committee, the holding company announced Friday, in which the Porsche and Beech families own a majority stake in the Volkswagen Group.

On February 1, the 48-year-old will take over the management of finances from CEO Hans-Dieter Pösch, who he previously managed in a personal union. Latwin has been at Porsche SE since 2014, most recently as Senior Representative for the Finance and Investment Department. Lattwein is now resigning from his position as chief sales financier for sports car maker Porsche AG, which belongs to Volkswagen.

Pötsch took over the board of directors of Porsche SE, which is personally associated with Volkswagen, in the context of the diesel crisis six years before group chairman Martin Winterkorn, who resigned at the time. Previously, the Austrian by origin – at that time still the chief financial officer of Volkswagen – was appointed to the position of head of the supervisory board of the Wolfsburg Group.