Overview
- At a Wolfsburg staff assembly, works-council chief Daniela Cavallo said Oliver Blume cannot be a part-time CEO in Wolfsburg while also running Porsche and declared the arrangement must end.
- Blume has led Porsche since 2015 and has also served as Volkswagen CEO since 2022, stating previously that the dual role is not meant to be permanent without giving a timeline.
- Media reports indicate Porsche has begun exploring potential successors so Blume could focus on Volkswagen, while spokespeople for both companies declined to comment.
- Shareholders and analysts have long criticized the dual mandate as a governance risk that could create conflicts of interest and split attention.
- Pressure intensified after Porsche reported a first‑half revenue decline of about 7% and a roughly 70% drop in profit, and Cavallo also urged stronger central coordination at VW rather than steering the group via a financial holding.