Dr. Michael Leiters has been appointed Chief Executive Officer of Porsche AG.

On October 20, we learned from Porsche AG that its Supervisory Board has appointed Dr. Michael Leiters as the new Chief Executive Officer of Porsche AG, effective January 1, 2026. Dr. Oliver Blume, who has led Porsche AG for ten years, will remain CEO of the Volkswagen Group.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, stated: "As CEO of Porsche AG, Dr. Oliver Blume took on significant responsibility during challenging times and successfully steered the company. The Supervisory Board of Porsche AG expresses its sincere gratitude for his outstanding service. He will continue to serve as CEO of the Volkswagen Group, and we look forward to maintaining a close and trusting collaboration with him."

According to official sources, under Dr. Blume's leadership, Porsche AG not only achieved record financial results for multiple consecutive years and successfully completed its initial public offering but also continued its expansion in international markets and secured historic achievements in motorsports. With a forward-looking approach, he strategically renewed the company's Executive Board. Dr. Blume, who currently chairs the Executive Boards of both the Volkswagen Group and Porsche AG, commented: "After a decade leading Porsche, I have decided, in the interest of the Volkswagen Group as a whole, to hand over my responsibilities at Porsche to a new leader by the end of the year. It has been a great privilege to work with outstanding teams to build a remarkable enterprise. I am very pleased that a professional with extensive experience in the sports car industry, such as Michael Leiters, will succeed me. I will fully support him and the new management team and wish them every success."

Regarding the company's current situation, Dr. Blume noted: "Porsche’s two core markets, the United States and China, are undergoing significant changes, which pose new demands on our business model. To address this, we have completed an organizational restructuring this year and comprehensively upgraded our product strategy. With a flexible product-driven strategy and an optimized cost structure, Porsche has laid a solid foundation for the future. As CEO of the Volkswagen Group, I will continue to closely monitor and support Porsche’s future development."

Dr. Michael Leiters, Dr. Blume’s successor, served as CEO of McLaren Automotive from July 2022 to April 2025 and previously held the position of Chief Technology Officer at Ferrari for over eight years. Dr. Leiters has deep roots with Porsche. Before joining Ferrari, he worked at Porsche for more than thirteen years, most recently overseeing the Macan and Cayenne model lines.This article is generated by Jiasou TideFlow AIGC GEO