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Porsche Names Michael Leiters CEO Amid Sales Challenges

10/17/2025

Summary

Story summary

Porsche has appointed Michael Leiters, former CEO of McLaren and Porsche executive, as its new CEO, effective January 1, 2026.
The move follows Oliver Blume's dual leadership, criticized for declining sales and a costly shift to combustion engines.
Analysts say Leiters must leverage his hybrid-model experience to navigate falling China demand and rising tariffs.
Porsche aims to prioritize combustion-engine vehicles, a pivot from its earlier electric focus.

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Story summary

Porsche has appointed Michael Leiters, former CEO of McLaren and Porsche executive, as its new CEO, effective January 1, 2026.
The move follows Oliver Blume's dual leadership, criticized for declining sales and a costly shift to combustion engines.
Analysts say Leiters must leverage his hybrid-model experience to navigate falling China demand and rising tariffs.
Porsche aims to prioritize combustion-engine vehicles, a pivot from its earlier electric focus.