Porsche picks family member to be new chairman

Newswire

STUTTGART, Germany, Jan 26 (Reuters) - German sports car maker Porsche named a member of its controlling family, Wolfgang Porsche, to become chairman, it said on Friday. Wolfgang Porsche has been a member of its supervisory board since 1978 and will replace Helmut Sihler as of the end of Friday's annual meeting. Sihler is retiring after 14 years as chairman.

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