Core Viewpoint - Volkswagen Group has decided that CEO Oliver Blume will focus solely on his role as CEO of Volkswagen Group starting January 1, 2026, stepping down from his position as CEO of Porsche, amid governance concerns from investors [1][2]. Group 1: Leadership Changes - Oliver Blume's dual role as CEO of both Volkswagen and Porsche has faced scrutiny since Porsche became a separately listed entity in 2022, with stakeholders advocating for him to relinquish one of his positions [2]. - The Supervisory Board of Volkswagen Aktiengesellschaft has resolved to extend Blume's contract for another five years, ensuring his position as CEO until the end of 2030 [3]. - Dr. Michael Leiters has been appointed as the new CEO of Porsche AG, effective January 1, 2026, following Blume's transition [5]. Group 2: Performance and Strategy - The Chairman of the Supervisory Board, Hans Dieter Pötsch, expressed confidence in Blume's ability to advance Volkswagen Group's strategy and operations in a challenging environment over the past three years [4]. - Blume acknowledged the significant changes in Porsche's largest markets, the USA and China, which have necessitated a structural realignment and an expansion of the product strategy to enhance flexibility and cost structure [7].