Marc Rieß to become new Chief Operating Officer at Porsche Financial Services
Change in management
. Marc Rieß (43) will become the new Chief Operating Officer (COO) of Porsche Financial Services on 1 February, 2020. Rieß has been Chief Financial Officer (CFO) of Porsche Financial Services in the USA and Canada since 2012 and was previously responsible there for risk management and controlling. “In addition to his subject matter expertise, Marc Rieß will also bring us his extensive experience from an international environment,” says Lutz Meschke, Deputy Chairman and Member of the Executive Board for Finance and IT at Porsche AG.
Rieß has worked in different management positions at Porsche Financial Services since 2003. His predecessor as Chief Operating Officer, Jörg Pape, moved as CEO to Volkswagen Financial Services Brazil in August 2019. He had been COO of Porsche Financial Services since September 2017. Before that, Pape was CEO of VW Financial Services in Mexico for four years.
Based in Bietigheim-Bissingen, Porsche Financial Services is a wholly owned subsidiary of the sports car manufacturer. It offers customised finance products for Porsche vehicles and the Volkswagen brands Bentley, Lamborghini and Bugatti as well as dealer finance, insurance and credit cards. The company group is responsible for more than 248,000 leasing and finance contracts with a volume of around 7.4 billion euros worldwide. Over the past five years, the total number of contracts and the portfolio have almost doubled.
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^ The published electricity consumption (kWh per 100 km), charging times (hours/minutes) and kilometre (km) range are estimates determined in accordance with the Worldwide Harmonized Light-Duty Vehicles Test Procedure (WLTP) – see www.porsche.com/wltp. The WLTP is the test procedure used in the European Union and does not apply in Australia, where the New European Driving Cycle (NEDC) remains the appropriate test standard under ADR 81/02. Actual figures will vary as they are dependent on many factors including driving style, road and traffic conditions, weather conditions, a vehicle’s features, equipment, accessories, condition, load and use. Extra features and accessories (attachments, tyre formats, etc.) can change relevant vehicle parameters such as weight, rolling resistance and aerodynamics can also affect the electricity consumption and performance values of a car. The published charging times are estimated using the vehicle’s charging equipment and European charging facilities, with the battery temperature under optimum conditions and the vehicle having an initial charge status of 5%. CO2 emissions can also be generated at the power source when vehicles are being charged, unless 100% renewable energy is used. As Australian models have not been tested in accordance with the NEDC procedure, the published figures do not apply in Australia and must not be relied upon in making a decision as to whether to purchase a vehicle. Please contact an Official Porsche Centre to obtain more information.
* The published fuel consumption and CO2 emissions figures are determined by Porsche AG laboratory testing in accordance with ADR 81/02 on test vehicles. Actual figures will depend on many factors, including without limitation: road and traffic conditions, fuel quality, environmental conditions, individual driving style, vehicle load, vehicle condition and use (including any additional equipment and/or accessories) and how the vehicle is driven. For hybrid or electric vehicles, CO2 emissions can also be generated at the power source when vehicles are being recharged, unless 100% renewable energy is used. Generally, fuel consumption and CO2 emissions will differ from the published figures in real world driving conditions. Published figures should only be used for the purpose of comparison between vehicles.