New President, CEO of Porsche North America named

New President & CEO of Porsche Motorsport North America
Jens Walther follows outgoing Paul Ritchie

Atlanta, September 24, 2010 ---- Porsche Cars North America announced today that the Supervisory Board of Porsche Motorsport North America, Inc (PMNA) has appointed Jens Walther as the new President & CEO of PMNA, effective immediately. He succeeds Paul Ritchie who has decided to retire from the motorsports business.

Walther (41) has been responsible for the management of Porsche's One-Make Cup Program, which is made up of 19 national and international championships including its premium championship, the Porsche Mobil 1 Supercup. In addition, he coordinated all Formula One related issues for Porsche and its subsidiaries. Walther who joined Porsche in 2001 worked the first four years at Porsche Engineering Group GmbH as Manager, Marketing, Communications and Business Development.

Walther holds an MBA degree in International Management from International University in Germany and Arthur D. Little School of Management, Boston. He will relocate from Stuttgart, Germany, to Santa Ana, California, with his wife and two children.

About Porsche Motorsport North America, Inc.
Porsche Motorsport North America (PMNA) is a wholly owned subsidiary of Porsche AG and is located in Santa Ana, California. Operating as the North American arm of Porsche Motorsport in Weissach, Germany, PMNA is the only authorized parts & service provider and is the preeminent source for Porsche racing car preparation in North America. Its key capacities are in the areas of race car and spare parts sales, engine building and race support as well as vintage services.

-source: porsche.na