Morningstar

Porsche AG Streamlines Board Structure

Provided by Dow Jones May 7, 2026, 3:54:00 PM

By Joshua Kirby

Porche AG said it is trimming its executive structure as part of a strategy revamp.

The high-end sportscar maker's executive board will see its divisions reduced to seven from eight, with Car IT suspended, the company said Thursday. The division will be integrated into the research & development division from July 1, Porsche said.

The company is in a "challenging phase of transformation," necessitating an adaptation of its structure, supervisory board Chair Wolfgang Porsche said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

May 07, 2026 11:54 ET (15:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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