Porsche names Michael Leiters as new CEO starting January 2026

Investing.com -- Porsche AG has appointed Dr. Michael Leiters as its new CEO effective January 1, 2026, according to a Friday announcement from the company’s Supervisory Board.

Leiters will succeed Dr. Oliver Blume, who has led the sports car manufacturer for ten years and will continue in his role as CEO of Volkswagen Group.

Dr. Wolfgang Porsche, Chairman of the Supervisory Board, thanked Blume for his "strong commitment" during "challenging times" and expressed confidence in continued collaboration with him in his Volkswagen Group leadership position.

Under Blume’s leadership, Porsche achieved record financial performance, completed its IPO, expanded into new international markets, and secured historic motorsport victories. Blume also strategically prepared for the executive leadership transition.

"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," said Blume. "I am delighted that Michael Leiters, an experienced professional in the sports car business, is taking on this role."

Leiters brings extensive automotive industry experience, having served as CEO of McLaren Automotive since July 2022. He previously worked as Chief Technology Officer at Ferrari for over eight years and spent more than 13 years at Porsche, where he oversaw the Macan and Cayenne model series.

Addressing current business challenges, Blume noted that "massive changes" in Porsche’s largest markets - the USA and China - have required adjustments to the company’s business model. In response, Porsche has implemented structural realignment and expanded its product strategy this year, focusing on drivetrain flexibility and improved cost structure.

Dr. Wolfgang Porsche expressed confidence in Leiters’ leadership capabilities, citing his "decades of experience in the automotive industry" and "in-depth expertise" as ideal qualifications for the position.

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