Porsche launches talks with Blume to end CEO role, company says

Porsche Automobil Holding SE

17/10/2025 09:29

BERLIN, Oct 17 (Reuters) - Leading members of Porsche's P911_p.DE supervisory board have authorised the start of discussions with chief executive Oliver Blume about terminating his contract with the luxury carmaker, the company said on Friday in a statement.

Blume will continue to serve as CEO of Volkswagen, which owns Porsche, the statement said.

The company named Michael Leiters, former CEO of McLaren Automotive, as a potential successor and said negotiations would be initiated with him.

 (Reporting by Rachel More
Editing by Ludwig Burger)

 ((rachel.more@thomsonreuters.com;))