Porsche Financial Services appoints Volker Reichhardt as CFO function and Michael Glinski as CCO
Porsche Financial Services announces management board changes as CFO Konrad Riedl retires, with Volker Reichhardt taking over back office duties and Michael Glinski appointed Chief Commercial Officer.
- 36 years
- over 35 years
What Happened
Porsche Financial Services (PFS) has realigned its Management Board. Konrad Riedl, the long-serving Chief Financial Officer, is retiring after 36 years at Porsche. Volker Reichhardt, currently Spokesman of the Management Board, will assume responsibility for the Back Office (CFO function). Michael Glinski has been appointed Chief Commercial Officer (CCO), bringing extensive international experience from his roles at Porsche in Switzerland, France, and Germany.
“We would like to thank Konrad Riedl for his many years of dedicated and successful service at Porsche. He has made a significant contribution to the development of the financial services business over the years. Michael Glinski will enrich Porsche Financial Services with his extensive international experience. We wish him every success in his new role.”
Porsche Financial Services has been providing financial services for the Porsche brand for over 35 years. Its portfolio includes leasing, insurance, and service packages for Porsche, Lamborghini, Bentley, and Bugatti. The company also offers the Porsche Card.
Why this matters
The realignment ensures continuity in leadership for Porsche’s financial services arm, which supports sales of Porsche, Lamborghini, Bentley, and Bugatti vehicles through leasing and insurance.
Terms in This Story
- Back Office
- The part of a company that handles internal operations and support functions, such as finance, accounting, and IT.
- CFO
- Chief Financial Officer, the executive responsible for managing a company's financial actions.
Summarised from the linked release; details can be imperfect — always verify against the original source.