Volkswagen Group appointed Porsche CEO as its new chairman.

Volkswagen Group appointed Porsche CEO as its new chairman.

Volkswagen Group’s supervisory board appointed Porsche CEO Oliver Blume as the new chairman of the group’s management board at a meeting in Wolfsburg, Germany, on the 22nd.

The new chairman will lead the Volkswagen Group from September 1st, along with serving as the Porsche Group’s management board. Herbert Diess, the current chairman, is expected to resign under mutual agreement.

Hans Dieter Pötsch, chairman of the Board of Supervisors, said, “Herbert Dees played a key role in driving the company’s transformation while serving as chairman and group chairman of the Volkswagen car brand. Not only did he lead the company in difficult situations, he also implemented a fundamentally new strategy,” he said on behalf of the board of directors.

Born in Braunschweik, Germany, Oliver Blume joined Volkswagen Group in 1994 and has been managing Audi, Seat, Volkswagen and Porsche brands. He has served as chairman of the Porsche Management Board since 2015 and a member of the Group Management Board since 2018.

“Oliver Blume has demonstrated his operational and strategic capabilities in various positions and brands within the group, and has managed the Porsche Group for seven consecutive years with great financial, technical and cultural success. He is the right person to lead the group and further strengthen his focus on customers and positioning brands and products.”

Oliver Blume, along with the entire management, will continue to transform itself into a leadership culture that puts teamwork first.