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Fortune
Fortune
Christiaan Hetzner

Volkswagen shareholders demand 'part-time CEO' Oliver Blume finally drop his side job running Porsche

Oliver Blume, Chairman of the Board of Management Volkswagen Group, speaks during the event "Group Night Shanghai 2025" hosted by Volkswagen ahead of the Shanghai Auto Show in Shanghai on April 22, 2025. (Credit: Wang Zhao—AFP via Getty Images)
  • Three years into his dual assignment, Blume is facing increasing pressure to focus on one of his two posts given a perceived conflict of interest and mounting problems in China. "It’s been clear since the beginning that the dual role is not intended to last forever," responds Blume, adding the decision in the end rests with the respective boards.

Much like Tesla, Volkswagen is managed by a CEO that splits up his week running different companies. And just like Elon Musk, VW’s head honcho is similarly under pressure by shareholders to devote more of his attention to his main car business.

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