Porsche Appoints Dr. Michael Leiters as New CEO, Effective January 1, 2026

Porsche AG has announced a significant leadership change, appointing Dr. Michael Leiters as its new Chief Executive Officer, effective January 1, 2026. This transition marks the end of Dr. Oliver Blume's ten-year tenure as CEO, during which he guided the company through a period of substantial growth and its successful IPO. Dr. Blume will continue his role as CEO of Volkswagen Group.

Key Takeaways

• Dr. Michael Leiters to assume CEO role at Porsche AG on January 1, 2026.

• Dr. Oliver Blume steps down as Porsche AG CEO after a decade, remaining CEO of Volkswagen Group.

• Leiters brings extensive automotive experience, including previous roles at Porsche, Ferrari, and McLaren.

• Porsche AG acknowledges Blume's contributions to record financial years, IPO, and market expansion.

A New Chapter for Porsche

The Supervisory Board of Porsche AG expressed gratitude to Dr. Oliver Blume for his strong commitment and leadership, which saw the company achieve record financial years, successfully complete its IPO, expand into international markets, and achieve historic motorsport successes. Dr. Blume has been instrumental in preparing for a generational change within the Porsche Executive Board.

Leiters' Extensive Experience

Dr. Michael Leiters is a seasoned professional with decades of experience in the automotive industry. He most recently served as CEO of McLaren Automotive from July 2022 to April 2025. Prior to that, he spent over eight years as CTO for Ferrari. Leiters is not new to Porsche, having held positions within the company for more than 13 years, including significant responsibility for the Porsche Macan and Cayenne series.

Leadership Transition and Future Outlook

Dr. Wolfgang Porsche, Chairman of the Supervisory Board of Porsche AG, stated that Dr. Leiters' leadership style and in-depth expertise are ideal prerequisites for successfully chairing the Executive Board. He expressed the Supervisory Board's confidence in Leiters and the entire Executive Board team to navigate current challenges. Dr. Blume also conveyed his full confidence in Leiters and the new management team, wishing them success.

Dr. Blume commented on the current business landscape, noting the significant changes in key markets like the USA and China, which have necessitated a structural realignment and expansion of Porsche's product strategy. He emphasized that Porsche is now robustly positioned for the future with full drivetrain flexibility and an improved cost structure. In his capacity as CEO of Volkswagen Group, Dr. Blume will continue to closely support Porsche's further development.