Reported 3 days ago
Porsche has initiated talks regarding the potential replacement of current CEO Oliver Blume with Michael Leiters, the former head of McLaren. Blume, who is also the CEO of Volkswagen, faces increasing criticism for his dual role amid ongoing challenges in the auto industry, including fluctuating demand for electric vehicles and competitive pressures. With the company’s stock values declining, a leadership change could be on the horizon as Porsche looks to stabilize its direction.
Source: YAHOO