Financial Times FT.com

From floor coverings to Porsche's winning trade

By Richard Milne

Published: October 31 2008 02:00 | Last updated: October 31 2008 02:00

The architect of Porsche's winning trade on Volkswagen shares is not an investment banker but a stubble-chinned manager from rural Rhineland-Palatinate whose previous biggest experience was to be finance director of a floor coverings company.

Holger Härter, the chief financial officer of Porsche, certainly has an atypical career for somebody who is now earning the German sports carmaker billions of euros from derivatives. But his role has inspired VW investors and analysts to simultaneous bouts of admiration and despair.

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