US EditionVolkswagen shareholders demand 'part-time CEO' Oliver Blume finally drop his side job running Porsche
4 Articles
4 Articles
A man, two bosses – a bad idea, finds more and more people in the VW Group. Nevertheless, Oliver Blume wants to continue to lead Porsche and VW – yet there are signs that he is preparing a solution.
Volkswagen shareholders demand 'part-time CEO' Oliver Blume finally drop his side job running Porsche
Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived conflict of interest and mounting problems in China. "It’s been clear since the beginning that the dual role is not intended to last forever," responds Blume, adding the decision in the end rests with the respective boards. Much like Tesla, Volkswagen is managed by a CEO that splits up his week running different companies.…
Market Consensus Alphavalue / Divacons The German car industry held a General Shareholders Meeting on Friday. Volkswagen shareholders intensified their criticism of the group's governance, questioning the concentration of power in the Porsche and Piëch families and demanding greater independence from the board. The focus is on Oliver Blume's dual position as CEO of VW and Porsche AG, considered a source of conflicts of interest, investors such …
Volkswagen CEO Oliver Blume holds dual duties - as head of Volkswagen and Porsche AG.
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