Michael LeitersThe Supervisory Board of Porsche has appointed Michael Leiters as Chief Executive Officer (CEO) of Porsche, effective January 1, 2026. He will succeed Oliver Blume, who has led Porsche for 10 years and will continue to serve as CEO of Volkswagen Group.
“As CEO of Porsche, he has taken great responsibility in challenging times and successfully managed the company. The Supervisory Board of Porsche would like to thank him for his strong commitment. We look forward to continuing to work closely and trustingly with him as CEO of Volkswagen Group,” said Wolfgang Porsche, Chairman of the Supervisory Board of Porsche.
During his tenure, Blume oversaw record financial years, Porsche’s IPO, expansion into international markets, and motorsport achievements. He also prepared the generational change in the Executive Board strategically over the long term.
Blume said, “After 10 years of responsibility for Porsche, I have decided to hand over my duties to my successor at the end of the year in the interests of Volkswagen Group. 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. He and the new management team have my full confidence. I wish them every success”.
Commenting on the company’s current situation, Blume noted, “Massive changes in what are by far Porsche’s largest single markets, the USA and China, have placed new demands on our business model. That is why we have structurally realigned the company this year and comprehensively expanded our product strategy. With full flexibility in drivetrain and an improved cost structure, Porsche is now robustly positioned for the future. In my role for Volkswagen Group, I will closely accompany and support the further development of Porsche”.
Leiters’ return to Porsche
Leiters previously served as CEO of McLaren Automotive from July 2022 to April 2025 and held the position of Chief Technology Officer at Ferrari for over eight years. Before joining Ferrari, he worked with Porsche for more than 13 years, most recently overseeing the Macan and Cayenne model series. Wolfgang Porsche added, “Michael Leiters has decades of experience in the automotive industry. His leadership style and in-depth expertise are ideal prerequisites for successfully chairing the Executive Board of Porsche. He and the entire Executive Board team at Porsche enjoy the confidence of the Supervisory Board in overcoming the current challenges”.
