Oliver Blume (Porsche) new president of the Volkswagen group

The supervisory board of the Volkswagen group has appointed Oliver Blume, current president of Porsche, as the new president of the German consortium, replacing Herbert Diess, as reported by the company in a statement.

Blume, whose appointment will take effect on September 1, will combine his new responsibility at the head of the Wolfsburg-based group with the presidency of Porsche, which is studying a possible IPO.

The chairman of the supervisory board, Hans Dieter Pötsch, thanked Diess for the work carried out at the head of the group and the Volkswagen brand in advancing the transformation of the company.

“The group and its brands are viable for the future, their innovative capabilities and income generation have been strengthened,” said the manager, who added that Diess not only steered the company in “extremely turbulent waters”, but also also implemented a new strategy.

The new leader of the Volkswagen group joined the company in 1994 and since then has held different positions of responsibility in the Audi, Seat, Volkswagen and Porsche brands, a brand of which he has been president since 2015.

Pötsch noted that Blume has demonstrated its operational and strategic capabilities in various positions within the group and across various brands, while noting that it has led Porsche to financial, cultural and technological success.

On the other hand, during the meeting of the supervisory board of the German consortium, it was also approved that the group’s financial director, Arno Antlitz, add to his responsibilities that of Director of Operations, a position in which he will assist Blume in day-to-day operations. .

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