Porsche Eyes New CEO
Porsche is considering Michael Leiters, former McLaren CEO, to succeed Oliver Blume as the company tackles challenges in sales, the China market, and EV transition.
Oliver Blume will continue to lead Volkswagen while stepping down as Porsche CEO, a role he has held since 2015.
- Slumping sales
- Shrinking market share in China
- Costly transition from combustion engines to EVs
Blume's dual roles have frustrated investors, who argue that restructuring efforts require the CEO's full attention.
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Author's summary: Porsche considers new CEO amidst challenges.