UPDATE 1-Porsche CEO gets seat on VW sup board

Newswire

(adds quotes, background, market reaction) FRANKFURT, Jan 20 (Reuters) - Volkswagen's two biggest shareholders have struck a deal that will give sports car maker Porsche's chief executive a seat on VW's supervisory board from Monday, Porsche said on Friday. Under a deal agreed after weeks of talks with the German state of Lower Saxony, Porsche's Wendelin Wiedeking will replace current VW board member Lord David Simon of Highbury, who is stepping down, a Porsche spokesman said. In ...

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