Overview
- Volkswagen’s supervisory board approved a new five‑year agreement for Oliver Blume starting 1 January 2026, keeping him as Group CEO through the end of 2030.
- Blume will retain his Porsche duties until 1 January 2026, when his dual role concludes.
- Porsche named Michael Leiters as CEO effective 1 January 2026, drawing on his prior 13 years at Porsche, eight years as Ferrari’s chief technical officer, and his tenure as McLaren CEO until April 2025.
- Porsche and Blume reached a mutual early termination of his Porsche contract, according to the company’s announcement reported in Spanish media.
- Supervisory board chair Hans Dieter Pötsch praised Blume’s recent performance and said the leadership team is well placed to handle current industry challenges.