- Volkswagen AG VWAGY The group’s own sports car manufacturer Porsche AG plans to appoint Sajjad Khan to its board of directors.
- Volkswagen announced that Khan will primarily focus on car IT and will become the eighth member of the panel.
- Khan, who was born in Pakistan and has German citizenship, could also support the Volkswagen Group in an advisory capacity.
- Khan worked for Mercedes Benz Group Inc DMLRY for more than six years until August 2021. As Chief Technology Officer, he was responsible for development in the areas of Connectivity, Autonomous, Shared & Services and Electric (CASE).
- also read: Porsche IPO commands valuation up to $85bn amid global headwinds: report
- It has not yet been decided when exactly the company will decide on the appointment and when Khan could ultimately start at Porsche.
- Khan was there from 2011 to 2015 Bavarian Motor Works AG BMWJJwho, as vice president, leads the global connected drive effort.
- Bloomberg reports that Porsche had aroused the interest of investors with its plans for an IPO, which is considered to be one of the largest in Europe.
- Price promotion: VWAGY shares closed down 1.51% at $18.23 on Thursday.
- Photo via company
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