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Porsche SE executives, board members are safe to travel to U.S. - legal chief

May 15, 2018 at 09:54 am EDT

STUTTGART, Germany (Reuters) - Top managers and supervisory board members at Porsche SE, Volkswagen's majority shareholder, can still travel to the United States without risk or fear for prosecution, the company's head of legal affairs said.

"Porsche SE is convinced that no board member can be accused of offences, and that the members of the management and supervisory boards can still travel to the United States without restrictions and risk," Manfred Doess, the holding firm's legal chief said on Tuesday at Porsche SE's annual shareholder meeting.

U.S. authorities earlier this month issued an arrest warrant against Volkswagen's former chief executive, Martin Winterkorn, after indicting him on four felony charges in the diesel emissions scandal.

Porsche SE CEO Hans Dieter Poetsch, Volkswagen former finance chief who is being investigated by Braunschweig prosecutors for suspected market manipulation related to the scandal, told shareholders that he regularly travels to the U.S.

Doess said Porsche SE has no knowledge of an international arrest warrant against Wolfgang Porsche, the firm's chairman and a member of VW's supervisory board.

(Reporting by Ilona Wissenbach; Writing by Andreas Cremer; Editing by Victoria Bryan)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
VOLKSWAGEN AG	121.2 EUR	-0.62%	-2.02%	71.31B
EON SE	12.38 EUR	+0.98%	-0.60%	34.14B
PORSCHE AG	89.6 EUR	-0.40%	-3.59%	87.53B

Wolfgang Porsche

Wolfgang Porsche is an Austrian businessperson who has been at the head of 10 different companies and presently occupies the position of Chairman-Supervisory Board of Familie Porsche AG Beteiligungsgesellschaft, Chairman-Supervisory Board at Porsche Automobil Holding SE, Chairman-Supervisory Board of Dr. Ing. h.c. F. Porsche AG and Co-Managing Director at Porsche GmbH (Germany). He is also Managing Partner at Porsche Holding GmbH and on the board of 11 other companies. Wolfgang Porsche previously occupied the position of Chairman-Supervisory Board of Porsche Holding Stuttgart GmbH, Managing Director at Porsche LLC, Chairman-Supervisory Board for Eterna AG Uhrenfabrik, Managing Director at Porsche Austria GmbH, Managing Director at Wolfgang Porsche Gmbh, Managing Director at Porsche GmbH (Germany) and Manager at Daimler-Benz AG. Dr. Porsche received an MBA and a doctorate from the University of World Trade and an undergraduate degree from the University of Vienna.

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