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Investing.com -- Porsche has started searching for a new CEO to replace Oliver Blume, who will step down to concentrate on leading parent company Volkswagen, German business magazine WirtschaftsWoche reported Wednesday.
The succession process involves discussions between Blume, Volkswagen’s supervisory board chairman, the works council, and representatives of the Porsche and Piech families, according to WirtschaftsWoche, which cited high-ranking company and financial sources.
The company is considering both internal and external candidates for the position.
An announcement is expected this autumn, with the new CEO likely taking over by early 2026.
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