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CEO out at Porsche; paves way for VW merger

Porsche announced Thursday that its longtime chief executive is stepping down, a move that may pave the way for a takeover by Volkswagen. Wendelin Wiedeking has been in the driver’s seat at Porsche for 17 years. Also stepping down is Holger Haerter, Porsche’s chief financial officer.

Posted byadminJuly 23, 2009Posted inDaily NewsTags: a-move-that, company, financial, porsche, seat-at-porsche, sports, statement-said-, with-the-goal
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