Porsche promotes production head Oliver Blume to serve as CEO

Porsche promotes production head Oliver Blume to serve as CEO

Porsche has appointed Dr. Oliver Blume to succeed Matthias Mueller as chief executive officer.

Blume currently serves as a member of the executive board responsible for production and logistics, a role he took in 2013 after serving as the production-planning head for the Volkswagen brand. The executive has worked within the VW Group for more than 20 years, mostly as part of Audi‘s production management team.

Mueller left an open seat at Porsche after taking the reins at Volkswagen amid the emissions-cheating scandal, which led to the ouster of former chief executive Martin Winterkorn.

Porsche also appointed chief financial officer Lutz Meschke to serve as Blume’s deputy, while the brand’s North America CEO, Detlev von Platen, will take a new role as sales and marketing chief.

Further shakeups within VW Group’s executive ranks could be announced in the coming months as the company continues its internal investigation into the emissions crisis.

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