Porsche Talks to CEO Candidates to End Blume Double Role
Oliver Blume has led Porsche since 2015 and kept the position even after succeeding Herbert Diess as CEO of parent Volkswagen.
Photographer: Krisztian Bocsi/BloombergPorsche AG has started the search for a new chief executive officer to replace Oliver Blume amid rising pressure from investors that he ditch his double role and focus on fixing Volkswagen AG, according to people familiar with the matter.
The Porsche-Piëch owner family has held discussions with potential candidates for the top job at the German sports-car maker, the people said, declining to be named because the matter is private. Talks have progressed to one internal and one external manager, one of the people said.