Porsche AG is continuing the long-term planned generational change on the executive board. As the Stuttgart-based company announced in a press release in May, Joachim Scharnagl (49) will take over the Procurement division on August 19 from Barbara Frenkel (62). At the same time, Vera Schalwig (45) will succeed Andreas Haffner (59) as Head of Human Resources and Social Affairs. Scharnagl is currently Head of Procurement for New Vehicle Projects and Supplier Management,
while Schalwig is currently responsible for Human Resources at Porsche AG's headquarters in Stuttgart-Zuffenhausen.
Additionally, on July 1, Dr. Michael Steiner (60) will take on the role of Deputy Chairman of the Executive Board. He has been a member of the Executive Board for Research and Development since 2016. In this context, he is relinquishing his leadership role in Group Development within the Volkswagen Group.
"With Vera Schalwig and Joachim Scharnagl, we are
appointing two experienced individuals from our own ranks to the executive board. We are also pleased that Dr. Michael Steiner is taking on the role of Deputy Chairman of the Executive Board, leveraging his experience and expertise," says Dr. Wolfgang Porsche, Chairman of the Supervisory Board.
"We thank Andreas Haffner and Barbara Frenkel for their great commitment and long-standing service. They have significantly shaped Porsche's successful development during their tenure."
Chairman of the
Executive Board Dr. Oliver Blume:
"Vera Schalwig and Joachim Scharnagl bring extensive experience from their previous roles and are very well connected. This allows them to effectively advance Porsche from day one in their new role. We are now even more focused on Michael Steiner's expertise for the development of the future Porsche product portfolio. I thank Barbara Frenkel and Andreas Haffner for the years of good and close cooperation. Together we have
