Dr. Michael Leiters will take over as Chief Executive Officer of Porsche AG on 1 January 2026. The Supervisory Board confirmed his appointment following Dr. Oliver Blume’s decision to step down after a decade of leadership. Blume will continue to serve as CEO of the Volkswagen Group.
Leadership Transition at Porsche AG
Dr. Wolfgang Porsche, Chairman of the Supervisory Board, expressed gratitude for Dr. Blume’s successful tenure. “As CEO of Porsche AG, Dr. Oliver Blume has taken great responsibility in challenging times and successfully managed the company,” he said. The board thanked him for his commitment and confirmed continued collaboration in his Volkswagen Group role.
During his decade as CEO, Oliver Blume oversaw record financial results, Porsche’s historic IPO, and expansion into key global markets. His leadership also marked major motorsport achievements and strategic development across product lines. Blume noted that the decision to pass leadership to a successor came after careful long-term planning.
Dr. Oliver Blume Reflects on His Tenure
“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,” Blume stated. “I have had the privilege of developing a great company with a fantastic team. I am delighted that Michael Leiters, an experienced professional in the sports car business, is taking on this role.”
Blume emphasized Porsche’s readiness for the future, citing structural realignment and a broadened product strategy. “Massive changes in our largest markets, the USA and China, have placed new demands on our business model,” he said. “With full flexibility in drivetrain and an improved cost structure, Porsche is now robustly positioned for the future.”
Dr. Michael Leiters: A Return to Porsche
The incoming CEO, Dr. Michael Leiters, brings extensive experience from leading global performance car brands. Most recently, he served as CEO of McLaren Automotive since 2022. Before that, he spent more than eight years as Chief Technology Officer at Ferrari, overseeing major projects and innovation programs.
Notably, Leiters is no stranger to Porsche. He worked with the company for over 13 years, holding key positions in product and development management. His most recent Porsche role included responsibility for the Macan and Cayenne model series, both pivotal to the brand’s commercial success.
Confidence in Leadership and Strategy
“Dr. Michael Leiters has decades of experience in the automotive industry,” said Dr. Wolfgang Porsche. “His leadership style and technical expertise are ideal prerequisites for successfully chairing the Executive Board of Porsche AG.”
The Supervisory Board expressed full confidence in Leiters and the Executive Board team as Porsche continues navigating market transformation, electrification, and evolving customer expectations.
Summary
The appointment of Dr. Michael Leiters as Porsche CEO marks a thoughtful transition designed to secure continuity and innovation. With his blend of Porsche heritage, Ferrari engineering experience, and recent McLaren leadership, Leiters is well placed to guide the brand into its next strategic phase while maintaining its core identity as a benchmark in performance and design.
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Source: Porsche
