Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, stated that Oliver Blume undertook significant responsibility during challenging times and successfully managed the company. In his role as CEO of Porsche AG, Oliver Blume secured record financial results, IPO, entry into new international markets, and successes in motorsport.
Oliver Blume himself stated that after ten years of leading Porsche AG, he decided to focus on the Volkswagen Group.
"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.," he added.
Michael Leiters was CEO of McLaren Automotive since July 2022, and before that, he held the position of Chief Technology Officer at Ferrari for over eight years.
Leiters is also familiar with Porsche AG. Before moving to Ferrari, he worked at Porsche for over 13 years, responsible for the Macan and Cayenne lines.
Source: Porsche