New CEO, new opportunities
Oliver Blume will remain CEO of Porsche for a few more months, but will hand over that position on January 1, 2026 to former McLaren executive Michael Leiters.
Things are not going great for Porsche. Sales of electric models are disappointing and the brand is forced to invest heavily in keeping combustion engine models alive longer and even developing completely new models with combustion engines. Top executive Oliver Blume – who leads both Porsche and the Volkswagen Group – will no longer have the heavy task of helping Porsche towards better times as of January 1, 2026. Starting next year, Porsche will have a new CEO: Michael Leiters.
Oliver Blume has been at the helm of Porsche for ten years.
Michael Leiters is no lightweight. Leiters was CEO of McLaren Automotive from July 2022 until April this year and before that was Chief Technical Officer (CTO) at Ferrari for more than eight years. Leiters also has considerable experience at Porsche. Before joining Ferrari, he held several positions at the brand over a period of more than thirteen years.
Oliver Blume has led Porsche for ten years. Blume remains as CEO of the Volkswagen Group.