Investing.com -- Porsche AG has announced a planned reshuffle of its Executive Board, which will take effect on February 26, 2025. Jochen Breckner, 47, will assume responsibility for Finance and IT, while Matthias Becker, 54, will take charge of Sales and Marketing. They will replace outgoing board members Lutz Meschke, 58, and Detlev von Platen, 61, who are leaving the company by mutual agreement.

Breckner, the incoming Finance and IT head, previously led Porsche's General Secretariat and Corporate Development. Becker, the incoming head of Sales and Marketing, was the former Head of the Overseas and Emerging Markets region at Porsche AG, a department he successfully developed into a significant sales pillar for the company.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board, expressed his confidence in the new appointees, stating that they were excellent successors from within Porsche's ranks. He also thanked the outgoing board members for their contributions to the company. Meschke, in particular, was credited for his strategic foresight and his role in driving the IPO of Porsche AG in 2022. Von Platen was recognized for his commitment to developing global markets.

Meschke is leaving the company after 24 years of service, during which he held various roles, including Board Member for Finance and IT, and Deputy Chairman of the Board of Management. He has also been a member of the Executive Board of Porsche Automobil Holding SE since July 2020.

Von Platen, who joined Porsche AG in 1997, held positions including CEO of Porsche France and President and CEO of Porsche Cars North America, before becoming a member of the Executive Board for Sales and Marketing in 2015. His notable achievements include the expansion of Porsche's business in America and the market launch of the all-electric Taycan and Macan.

The new board members, Breckner and Becker, have long-standing associations with Porsche. Breckner, a Doctor of Business Administration, has been with the company since 2000, working in various roles, including Head of Controlling and Head of the General Secretariat and Corporate Development. His successor will be Christian Pantel, currently responsible for a model series at Porsche.

Becker has been with Porsche AG since 2015, during which he developed sales regions such as Southeast Asia, Australia, the Middle East, Africa and Central and South America into a central pillar of the Porsche sales network. He has previously held several management positions within the Volkswagen (ETR: VOWG_p ) Group.

Oliver Blume, Chairman of the Executive Board of Porsche AG, expressed confidence in the new appointees, describing them as experienced professionals who have been a part of Porsche for many years.

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