Porsche Plc
Since his father's death in 1951, Ferry Porsche was the most responsible official of the company, as general manager, the chairman of the board of management. In 1972, he decided to transform the Porsche Company (which was a limited partnership) into a public concern, also by merging all the three enterprises which constituted it:
- Dr. Ing. h.c. F. Porsche KG, from Stuttgart
- VW-Porsche Vertriebsgesellschaft, from Ludwigsburg
- Porsche Konstruktion KG, from Salzburg
Additionally, Ferdinand Porsche stepped down from the chairmanship and became honorary chairman of the supervisory board. In fact, he continued controlling the company as such. He remained in that position until his death In 1998. Ferdinand Alexander Porsche took his place as general manager.
The enterprise became a public limited company (plc), the Porsche GmbH. Nevertheless, the two deeply-seated families, Porsche and Piëch, assured the possession yet of most of the shares. This status has also been kept through the years, until recently.
Read more about this topic: Ferdinand Anton Ernst Porsche