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Porsche AG Names a New CEO to Lead Its Transition

Summary by Seeking Alpha
Porsche AG names a new CEO to lead its transition back to hybrids and ICE

6 Articles

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The Supervisory Board of Porsche AG has appointed Michael Leiters as CEO of Porsche AG, who will officially take up the new position as of January 1, 2026. Leiters will succeed Oliver Blume, who led Porsche AG as CEO for 10 years and will now continue as CEO of the Volkswagen Group. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, stated that Oliver Blume took on important responsibilities during challenging times and managed t…

For months it was rumored, on Friday everything went very quickly: Oliver Blume was one of his bosses, in Stuttgart a man who hardly anyone had on the note took over. A reconstruction of the events.

·Munich, Germany
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Even though the Cayenne Electric will soon have a new electric flagship at Porsche, in the coming years the commitment in the BEV segment will be very much reduced. Porsche has made this clear in the last weeks and the new head of the brand confirms this plan by taking office. From the turn of the year, Porsche will have a new boss who will only take care of this brand. Oliver Blume's position was different, he has occupied the head of Porsche a…

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The movements in the engine dome make a patchy effect: when a senior executive changes his flag, his relay usually comes with a similar profile, and sometimes from a direct rival. This is what has happened in Porsche, as Oliver Blume will no longer be the CEO of the brand as of January 1, to focus on his other role: being only the CEO of the Volkswagen Group. His replacement already has a name and past at home in Germany: Michael Leiters. Leiter…

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hibridosyelectricos.com broke the news in on Monday, October 20, 2025.
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