Porsche 2009 Annual Report Download - page 44

After an extraordinary general meeting at
Porsche AG adopted a resolution to enlarge the su-
pervisory board to 20 members, the newly formed
board held its constitutive meeting on 19 April 2010.
Dr. Wolfgang Porsche remained the chairman of the
supervisory board and Uwe Hück was reelected as his
deputy. The new members of the board are Prof. Dr.
Martin Winterkorn, CEO of Volkswagen AG and CEO of
Porsche SE, Hans Dieter Pötsch, member of the
board of management of Volkswagen AG and member
of the executive board of Porsche SE, Dr. Francisco
Javier Garcia Sanz, member of the board of manage-
ment of Volkswagen AG, Christian Klingler, member of
the board of management of Volkswagen AG, and Prof.
Dr. Horst Neumann, member of the board of man-
agement of Volkswagen AG. The members reap-
pointed to Porsche AG’s supervisory board as share-
holder representatives were Dr. Wolfgang Porsche,
Prof. Dr. Ferdinand K. Piëch, Dr. Ferdinand Oliver Por-
sche, Hans-Peter Porsche and Dr. Hans Michel Piëch.
Ferdinand Piëch jr., Prof. Dr. Ulrich Lehner and Josef
Ahorner are no longer on the supervisory board of
Porsche AG.
The following employee representatives re-
mained on the supervisory board: Uwe Hück, Werner
Weresch, Antonio Girone, Walter Uhl, Rolf Frech, Jür-
gen Kapfer, Hans Baur and Hansjörg Schmierer. As a
result of the enlargement, Günther Magerer, deputy
chairman of the works council of Porsche AG and
member of the works council of Porsche SE, and Kai
Bliesener, press spokesman of the IG Metall Baden-
Württemberg trade union, joined the supervisory
board as additional employee representatives.
In addition to Dr. Wolfgang Porsche and Uwe
Hück, the board also elected Dr. Hans Michel Piëch,
Prof. Dr. Martin Winterkorn, Hans Dieter Pötsch rep-
resenting shareholders and Hans Baur, Werner
Weresch and Walter Uhl representing the employees
onto the supervisory board’s standing committee.
Significant events at the Volkswagen group
Volkswagen AG held an extraordinary general
meeting at Hamburg Messe on 3 December 2009.
With a majority of 98.73 percent of votes cast, the
shareholders approved the creation of the authorized
capital provided for in the basic agreement for the
issue of a total of up to 135 million new, non-voting
preference shares (including the corresponding
amendments to the articles of association). The gen-
eral meeting further passed a resolution, as provided
for in the basic agreement, granting the State of
Lower Saxony the right to appoint two members to
the supervisory board of Volkswagen AG and confirm-
ing the provision of the articles of association under
which resolutions of the annual general meeting re-
quiring a qualified majority need a majority of 80 per-
cent of the share capital represented in the voting on
the resolution. Finally, the general meeting elected Dr.
Hans Michel Piëch and Dr. Ferdinand Oliver Porsche to
the supervisory board and decided to adapt the arti-
cles of association to the German Act Implementing
the Shareholders Rights Directive (ARUG).
Volkswagen AG’s 50th annual general meet-
ing and the 9th special meeting of preference share-
holders were held at the Congress Center Hamburg
on 22 April 2010. With 91.1 percent of ordinary share
capital present, the ordinary shareholders of Volks-
wagen AG formally approved the actions of the board
of management and the supervisory board, the au-
44 Group management report