Porsche AG announces Dr Oliver Blume as new chairman

At a meeting of the Porsche AG supervisory board today, Dr Oliver Blume has been announced as the new Chairman of the Executive Board at the esteemed German sports car manufacturer.

Blume replaces Matthias Müller as CEO and Chairman after the latter was appointed as the CEO of Volkswagen AG last week as part of a board reshuffle in the wake of the VW diesel emissions scandal.

Effective as of 1 October, 47-year-old Blume’s new role will see the former head of Production and Logistics at Zuffenhausen assume control of Porsche at a time when the company is investing heavily in its production line capabilities, with €1.1 billion to be spent at its various sites over the next five years.

Blume replaces Matthias Müller (above) who agreed to join Volkswagen AG last week.
Blume replaces Matthias Müller (above) who agreed to join Volkswagen AG last week.

“Oliver Blume, is no budding manager; rather he is in full bloom. He has the right drive technology in him, and he is a Porsche person through and through,” explained Uwe Hück, Chairman of Porsche’s Group Works Council.

“What I value in him is his down-to-earth nature, his social-mindedness and the way in which he enthuses and rouses our colleagues. He has a big heart and he is one of us. And I think that appointing a Production person to the top position is a strong statement,” Huck continued.

In his previous role, Blume oversaw much of the groundwork for the Porsche 918 Spyder shop where the hybrid hypercar was handcrafted as well as the expansion of the Leipzig plant where the hugely successful Macan SUV is being built.

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