Published by Global Banking & Finance Review®
Posted on October 17, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleDeka Investment urges VW CEO Blume to prioritize restructuring and restoring market trust, emphasizing the need to deliver on models and targets.
FRANKFURT (Reuters) -Oliver Blume's planned exit as Porsche AG CEO is long overdue, German mutual fund firm Deka Investment said on Friday, adding he must focus on turning around parent Volkswagen.
"Blume must win back the trust of the capital market. He must push ahead with the restructuring (of Volkswagen) and deliver on the announced models and targets," Ingo Speich, Deka's head of sustainability and corporate governance, said.
(Reporting by Ilona WissenbachWriting by Ludwig Burger; editing by Barbara Lewis)
Corporate governance refers to the systems and processes that direct and control a company. It encompasses the mechanisms through which companies, and their stakeholders, interact and make decisions.
Restructuring is a process that involves reorganizing a company's structure, operations, or finances to improve efficiency and profitability. It often includes changes in management, strategy, or financial arrangements.
A mutual fund is an investment vehicle that pools money from many investors to purchase securities like stocks and bonds. It is managed by professional fund managers who aim to achieve specific investment objectives.
Sustainability in business refers to conducting operations in a manner that meets present needs without compromising the ability of future generations to meet their own needs. This includes environmental stewardship, social responsibility, and economic viability.
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