April - June

Porsche Consulting expands managementDr. Wolfgang Lindheim appointed as Chief Financial Officer

Stuttgart. The rapid development of Porsche Consulting GmbH, Bietigheim-Bissingen, calls for an expansion of management capacities. For this reason, the board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, has appointed Dr. Wolfgang Lindheim (47) as Chief Financial Officer of the subsidiary. From August 1, 2008, Dr. Lindheim will take responsibility for the departments of Finance, Controlling, Human Resource and IT. At the same time, Eberhard Weiblen (44), who up till now was the sole Director of Porsche Consulting, will be appointed as Chairman of the Executive Board. In future, he will be responsible for the consultancy business, the strategic development and the marketing of the Porsche subsidiary.

“In Dr. Lindheim we are gaining a colleague who brings with him a wealth of valuable international experience. This increases our power and extends our managerial radius”, says Eberhard Weiblen. Porsche Consulting has a workforce of just under 200 employees and achieved a turnover of 45.8 million Euro in the business year 2006/07.

Dr. Lindheim was born in Austria in 1960. After studying industrial engineering and gaining a doctorate at the Technical University of Graz, he spent six years with McKinsey before coming to Porsche AG as Departmental Head of Strategy in 1994. In 1999 he joint the executive board of Porsche Cars North America Inc., Atlanta (USA), where he acted as Chief Financial Officer. This job will be taken over by Frank Hoffmann (44), currently Chief Financial Officer at Porsche Italia S.p.A..