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Porsche Deutschland expands Managing BoardKarsten Sohns appointed as new manager for Finance, Controlling and IT

Stuttgart. Robust growth at Porsche Deutschland GmbH, Bietigheim-
Bissingen, also requires expanded capacities in management. The
Dr. Ing. h.c. F. Porsche AG Executive Board has therefore appointed Karsten Sohns (42) as the subsidiary’s Chief Financial Officer. From August 1, 2008, he will be responsible for the Finance, Controlling and IT divisions. He takes over responsibilities from Reinhard Dietrich (65), who is taking a well-deserved retirement after 45 years spent working for Porsche. At the same time, Bernhard Maier (48), up to now the sole Managing Director of Porsche Deutschland GmbH, is being appointed Chairman of the Managing Board. In future, he will take responsibility for the Porsche subsidiary’s Business, Marketing, HR and Strategic Direction divisions.

“In Karsten Sohns we are gaining a proven finance and sales pro who also has international experience. His appointment has put us in a stronger position in time for the launch of the Panamera. In future, we will forge ahead to greater things with four series“, says Bernhard Maier, General Manager of Porsche Deutschland. The company has gone from strength to strength since it was created in 2000. Thus, the number of registrations in Germany has gone up by over 50 percent since 2000, from 11,696 vehicles to 17,667 in the last calendar year, in fact. Sales achieved by the company in the German domestic market in the business year 2006/2007 also subsequently increased to around one billion euros.

Karsten Sohns, who was born in 1965 in Heidelberg, studied economics and econometrics in Heidelberg between 1990 and 2000 and has subsequently held various positions with Porsche AG, including that of manager for sales process optimization. Since 2000, he has been Finance Director of Porsche Cars Great Britain Ltd., Reading (England).

Please note: Photographic material on Karsten Sohns is available to accredited journalists from the Porsche press database at the Internet address http://presse.porsche.de/.

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7/24/2008