Porsche is reportedly considering Michael Leiters, former CEO of McLaren Automotive, as a potential successor to its current Chief Executive Officer, Oliver Blume, according to a media report.
The development comes as investors express growing concerns about Blume’s dual role as CEO of both Porsche and Volkswagen Group, a position he has held since 2022. While Blume has not indicated any plans to step down from either post, the discussion around possible succession reflects ongoing scrutiny of corporate governance within the Volkswagen Group.
Leiters, who began his career at Porsche, spent over a decade with the company in various technical and leadership roles, including as SUV Line Director for the Cayenne and Macan. In 2014, he moved to Ferrari as Chief Technology Officer, where he oversaw advancements in hybrid and electrification technologies. He later became CEO of McLaren in 2022, leading efforts to streamline operations and strengthen product quality before stepping down earlier this year.
Blume, 57, has been with the Volkswagen Group for three decades. After joining AUDI AG’s trainee program in 1994, he held senior production roles at Audi and SEAT before moving to Volkswagen in 2009 as Head of Production Planning. He joined Porsche’s Executive Board in 2013 and became CEO two years later.
Under Blume’s leadership, Porsche went public in 2022 in one of Europe’s largest initial public offerings. However, as he continues to oversee both Porsche and Volkswagen, questions remain over whether the dual leadership structure can effectively address the strategic demands of both brands. |
