09/12/2012 12:11:00

VW's Winterkorn To Head Porsche's Supervisory Board - Report

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Volkswagen AG (VOW.XE) Chief Executive Martin Winterkorn will replace Wolfgang Porsche as supervisory board chairman at German carmaker Porsche AG, Germany's Spiegel magazine reports.

Mr. Porsche is due to step down next year, it reports.

Porsche is fully owned by Volkswagen, Europe's biggest auto maker by volume.

VW couldn't be immediately reached for comment.

Magazine website: http://www.spiegel.de

Write to Nina Koeppen at nina.koeppen@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

December 09, 2012 07:11 ET (12:11 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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