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Porsche CEO Wiedeking to leave company - magazine

Wed Jul 15, 2009 8:09pm IST
 
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FRANKFURT (Reuters) - Porsche SE's embattled chief executive, Wendelin Wiedeking, is leaving the company, Germany's business weekly WirtschaftsWoche reported on Wednesday, without citing sources.

According to the magazine, a successor will be decided on shortly.

Until then, an interim executive should be found that has had management experience at both Porsche and its majority controlled subsidiary, Volkswagen.

A spokesman for Porsche SE declined immediate comment.

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