Finance
Volkswagen labour boss urges Blume to give up dual-CEO role, memo says
Published by Global Banking & Finance Review®
Posted on September 2, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 2, 2025
1 min readLast updated: January 22, 2026
Volkswagen's labour chief pressures CEO Blume to resign from his dual role at Volkswagen and Porsche due to governance concerns.
FRANKFURT (Reuters) -Volkswagen's labour boss on Tuesday increased pressure on CEO Oliver Blume to give up his dual role as the leader of both the Wolfsburg-based carmaker and its Porsche AG unit, according to an internal memo seen by Reuters.
Blume's twin posts have been in focus among shareholders and workers since Porsche's listing as a separate entity in 2022, with investors repeatedly calling for him to step down from one of the positions over governance concerns.
"The chief executive cannot be a part-time boss in Wolfsburg and spend the rest of his time at Porsche. This situation must come to an end," Daniela Cavallo, who heads Volkswagen's works council, said at a staff meeting on Wednesday, according to the memo.
Last week, a person familiar with the matter told Reuters that Porsche has begun the search for a successor to Blume.
(Reporting by Christoph Steitz and Christina Amann, Editing by Rachel More)
Volkswagen's labour boss is urging CEO Oliver Blume to relinquish his dual role as the leader of both Volkswagen and Porsche AG, citing concerns over his ability to manage both positions effectively.
Shareholders have been increasingly focused on Blume's dual leadership since Porsche's listing as a separate entity in 2022, calling for him to step down from one of his positions.
Daniela Cavallo, head of Volkswagen's works council, stated that a chief executive cannot effectively manage both companies and emphasized that this situation must come to an end.
A source informed Reuters that Porsche has begun searching for a successor to Oliver Blume, indicating potential changes in leadership.
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