Porsche's New CEO Takes the Helm at the Paris Auto Show, Reveal New Speedster - VIDEO ENHANCED

Outgoing Chairman Takes a Leading Post at Volkswagen

PARIS and ATLANTA September 29, 2010: Matthias Mueller, the new Chief Executive Officer (CEO) of Dr. Ing. h.c. F. Porsche AG, officially assumed Porsche AG Board of Management responsibilities today when outgoing CEO Michael Macht ceremonially handed the Porsche steering wheel to his successor on the eve of the 2010 Paris Auto Show.

Mueller, comes to Porsche via the Volkswagen Group, where he previously was in charge of Product Planning, Product Management and Model Series for the VW Group and the Volkswagen Brand and very successfully contributed to the development of the Group's product lines.

In one if his first official public acts, Mueller will unveil the new 911 Speedster and 911 GTS Coupe and Cabriolet models to the global media at the Paris Auto Show.

Click PLAY to watch the Porsche 911 Speedster teaser video

Michael Macht has been appointed a Member of the Group Board Management of Volkswagen AG. He is responsible for the Production Division and the control and coordination of all plants within the Volkswagen Group.