Porsche AG has appointed Dr Michael Leiters as chief executive, effective Jan 1, 2026, marking a planned handover after a decade under Dr Oliver Blume.
Blume will continue as chief executive of Volkswagen Group.
Blume leaves Porsche after steering record financial years, leading the company’s IPO and pushing deeper into international markets alongside headline motorsport wins. He also re-shaped the executive team for a generational shift.
Addressing current trading conditions, Blume said: “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.”
Leiters returns to Stuttgart with deep brand familiarity.
He was McLaren Automotive’s CEO from July 2022 to April 2025 and previously served more than eight years as Ferrari’s chief technology officer.
Earlier, he had spent over 13 years at Porsche with responsibility for the Macan and Cayenne lines.
