Porsche CEO Macht is the favored candidate as production chief at Volkswagen

Article by Christian Andrei, on August 25, 2010

Jochem Heizmann is likely to be succeeded by Porsche AG Chief Executive Officer Michael Macht as production chief at Volkswagen, according to two insider sources. A final decision has yet to be made but these sources revealed that the preferred candidate is Macht.

These sources said that 49-year-old Macht is Volkswagen CEO Martin Winterkorn's choice to replace Heizmann due to his decade-long experience in leading production at Porsche before he became CEO a year ago. Meanwhile, the favorite candidate to succeed Macht as Porsche CEO is Matthias Mueller, VW's chief product strategist.

VW has a goal of doubling deliveries to 150,000 vehicles in the medium term and to achieve this, it will expand its luxury car lineup.

As Volkswagen and Porsche aim to finalize a merger next year, they continue to engage in talks about its future model strategy and the possibility of sharing platforms.

Last Friday, Porsche SE, its holding company, revealed a nine-month loss of about 700 million euros ($868 million) due to costs related to the VW merger.

Volkswagen and Porsche have declined to comment on the matter. Macht moved to Porsche in 1990 from a research institute where he concentrated on assisting German companies to reorganize.

In 1993, Macht was chosen to run a program set up to optimize production by more closely linking suppliers to the process.

Topics: vw, porsche, production, ceo

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