"Blume also serves as the CEO of Porsche parent company Volkswagen, where he will remain in charge. Blume's dual role at the top of two major auto brands had drawn criticism. Blume has been chief executive of Porsche since 2015 and has served in the dual role as VW CEO since 2022Image: Ronny Hartmann/AFP via Getty Images Oliver Blume is to step down as the CEO of German sports carmaker Porsche, the firm said on Friday."
"He also serves in the same role in Volkswagen Group, Porsche's parent company, a dual position that has attracted significant criticism amid years of struggles for the German car industry. Blume will remain at the helm of Volkswagen, Porsche's supervisory board said in a statement. He has been CEO of Porsche since 2015 and took over at Volkswagen in 2022 after the resignation of Herbert Diess."
Oliver Blume will step down as CEO of Porsche while remaining CEO of Volkswagen. His dual leadership of Porsche and Volkswagen had attracted criticism amid prolonged struggles in the German auto industry. Blume has led Porsche since 2015 and assumed the Volkswagen chief executive role in 2022 after Herbert Diess resigned. Porsche's supervisory board announced that Blume will remain at Volkswagen. The announcement signals a separation of leadership roles between the sports carmaker and its parent company. Further details and timing of the transition were not provided in the statement.
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