Porsche Names Michael Leiters CEO, Effective 1 January 2026
The Supervisory Board of Porsche AG has appointed Dr Michael Leiters as CEO of Porsche AG, effective 1 January 2026. Dr Oliver Blume, who has led Porsche AG as CEO for ten years, will continue as CEO of Volkswagen Group.
Dr Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG: “As CEO of Porsche AG, Dr Oliver Blume has taken great responsibility in challenging times and successfully managed the company. The Supervisory Board of Porsche AG would like to thank Dr Blume for his strong commitment. We look forward to continuing to work closely and trustingly with him as CEO of Volkswagen Group.”
As CEO of Porsche AG, Oliver Blume delivered record financial results, guided the IPO, expanded into additional international markets, and led historic motorsport successes. He also prepared a generational change on the Porsche Executive Board in a long-term, strategic manner.
Dr Oliver Blume, Chairman of the Board of Management of Volkswagen Group and Porsche AG: "After ten years of responsibility for Porsche AG, I have decided to hand over my duties to my successor at the end of the year in the interests of Volkswagen Group. I have had the privilege of developing a great company with a fantastic team. I am delighted that Michael Leiters, an experienced professional in the sports car business, is taking on this role. He and the new management team have my full confidence. I wish them every success.”
With regards to the current situation of the company, Oliver Blume says: "Massive changes in what are by far Porsche's largest single markets, the USA and China, have placed new demands on our business model. That is why we have structurally realigned the company this year and comprehensively expanded our product strategy. With full flexibility in drivetrain and an improved cost structure, Porsche is now robustly positioned for the future. In my role for Volkswagen Group, I will closely accompany and support the further development of Porsche."
Dr Oliver Blume’s successor will be Dr Michael Leiters. Leiters has served as CEO of McLaren Automotive since July 2022 and previously spent more than eight years as CTO at Ferrari. He also knows Porsche AG well. Before joining Ferrari, he spent over 13 years at Porsche, most recently overseeing the Porsche Macan and Porsche Cayenne model lines.
“Dr Michael Leiters has decades of experience in the automotive industry. His leadership style and in-depth expertise are ideal prerequisites for successfully chairing the Executive Board of Porsche AG. He and the entire Executive Board team at Porsche AG enjoy the confidence of the Supervisory Board in overcoming the current challenges,” says Dr Wolfgang Porsche.