Porsche Set to Appoint Production Chief as CEO

By William Boston

BERLIN-- Porsche AG, the sports car maker owned by Volkswagen AG, is expected to appoint Oliver Blume, a board member in charge of production, as the company's new chief executive, according to a person familiar with the situation.

Current CEO Matthias Müller was put in charge of the entire Volkswagen group last week to take charge of VW's efforts to get to the bottom of an emissions cheating scandal.

Mr. Blume has been production chief at Porsche for about three years, overseeing the expansion of the Leipzig factory and launch of the Macan compact sport-utility vehicle.

Porsche's supervisory board is expected to make the appointment of Mr. Blume at a meeting in Stuttgart on Wednesday.

Write to William Boston at william.boston@wsj.com

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(END) Dow Jones Newswires

September 29, 2015 12:51 ET (16:51 GMT)

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