Porsche Considers Ex-McLaren Executive Leiters as New CEO

1 min read
Source: DW
Porsche Considers Ex-McLaren Executive Leiters as New CEO
Photo: DW
TL;DR

Oliver Blume is stepping down as CEO of Porsche but will remain at Volkswagen, amid criticism over his dual role which was seen as a conflict of interest. His leadership at Porsche was marked by record profits and a successful IPO, but the German auto industry faces challenges from Chinese competitors and internal struggles at Volkswagen. Michael Leiters is expected to succeed Blume at Porsche.

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