VW share: Porsche sports car sets up IR department – former Daimler expert hired | 05/11/22

In preparation for the planned IPO, Porsche established the Investor Relations department.

According to the announcement, the sports car manufacturer intends to strengthen its global capital market communication with investors, analysts and rating agencies. Björn Scheib has been appointed head of the new main department. Scheib was Head of Investor Relations at Daimler AG from 2009 to 2021, after which he founded Fyncon GmbH, which advises companies on IPOs. Scheib will report to Chief Financial Officer Lutz Meschke.

According to previous information, Porsche AG is scheduled to go public in the fourth quarter of 2022. However, it is unclear what impact a possible worsening of the already difficult environment could have on the project.

FRANKFURT (Dow Jones)