Porsche chief leaving after 'differences'
Thursday 24 September 1992
STUTTGART (Reuter) - The German sports car maker Porsche said yesterday that the management board chairman, Arno Bohn, would leave the company on 30 September due to differences of opinion over business.
Porsche said Mr Bohn's departure was mutually agreed. Its supervisory board will propose Wendelin Wiedeking as management board spokesman at its meeting tomorrow.
The departure of Mr Bohn comes only six months after the supervisory board, in a dramatic turnround, extended his contract for three years to the end of 1995.
Initially the board had failed to extend Mr Bohn's contract in mid-February. The move illustrated dissatisfaction by the owners with his performance.
But this decision unleashed harsh criticism of the owners by Porsche workers and especially against the supervisory board chairman, Ferdinand Porsche. The board had offered Mr Bohn's job to Wolfgang Reitzle, head of development at BMW, but Mr Reitzle declined the offer.
The Porsche and Piech families own all of Porsche's voting shares and 40 per cent of the traded preference shares.
- 1 Rules on 5p plastic bags likely to lead to arguments at the check-out
- 2 Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
- 3 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
- 4 News agency criticised for describing Amal Clooney as 'actor's wife' in coverage of human rights trial
- 5 David De Gea to Real Madrid: Real finally get their man with £29m bid for Manchester United goalkeeper
Rules on 5p plastic bags likely to lead to arguments at the check-out
Watch the Supermoon live: How to see the brightest Moon of the year tonight
Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
News agency criticised for describing Amal Clooney as 'actor's wife' in coverage of human rights trial
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...