Porsche Initiates Search for New CEO, Expected to Conclude Dual Role with VW, According to Sources

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Aug 27 2025

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Source: Reuters

CEO Succession Search: Porsche is searching for a successor to CEO Oliver Blume, indicating a potential end to his dual role with Volkswagen amid shareholder concerns over governance.
Shareholder Concerns: Investors have been vocal about the need for Blume to step down from one of his positions since Porsche's separate listing in September 2022, citing governance issues.
Potential Candidates: Various internal and external candidates are being considered for the CEO position, including Michael Steiner, Stefan Weckbach, Frank-Steffen Walliser, and Klaus Zellmer.
Company Challenges: Porsche is facing challenges such as weak demand in China, a slow transition to electric vehicles, and increased U.S. tariffs, leading to a cut in its full-year profitability target.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.