Changes Looming in Porsche's Executive Board

Porsche AG has announced potential changes in its Executive Board. The Supervisory Board's Executive Committee authorized discussions with Dr. Oliver Blume, the current Chairman of the Executive Board, regarding an early termination of his role. This move seems to be a mutual decision, potentially leading to Dr. Blume's departure from Porsche while he continues as the Chairman of Volkswagen AG's Executive Board.

Dr. Michael Leiters, formerly the CEO of McLaren Automotive, has been identified as a potential successor to Dr. Blume. Porsche plans to initiate negotiations with Dr. Leiters for the role. This development marks a significant shift within Porsche's leadership, possibly impacting the company's future direction.