Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
From left to right, retiring Chief Financial Officer Konrad Riedl; spokesman of the Management Board and new CFO Volker Reichhardt, and Chief Commercial Officer Michael Glinski
Porsche AG
Porsche Financial Services is realigning its management structure as longtime Chief Financial Officer Konrad Riedl retires.
Riedl has been with Porsche AG since joining the automaker in 1990, holding various senior management positions, including managing director roles in the U.S. and Japan. He took the CFO position in 2003.
“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,” says Jochen Breckner, member of the Executive Board for Finance and IT at Porsche AG.
Volker Reichhardt will assume the CFO role while remaining spokesman of the management board of Porsche Financial Services, a position he's held since 2022.
Michael Glinski is joining the management board and has been appointed chief commercial officer. He's currently the general representative for the German market at Porsche Financial Services after serving as CEO of Porsche Schweiz AG from 2018 to 2024. Before that he held various management positions in the company in France and at its Zuffenhausen, Germany headquarters.
“Michael Glinski will enrich Porsche Financial Services with his extensive international experience. We wish him every success in his new role,” Breckner said.
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