Oliver Blume will continue as Chief Executive Officer of Volkswagen AG until the end of 2030. The Supervisory Board of Volkswagen AG decided to extend Blume's contract for another five years, starting from January 1, 2026. Blume has been CEO since September 1, 2022.
Hans Dieter Pötsch, Chairman of the Supervisory Board, said: “In the last three years, Oliver Blume has impressively demonstrated his ability to advance and develop the Volkswagen Group’s strategy and business operations in a challenging environment. The Supervisory Board is confident that, with Mr. Blume on board, it will continue to successfully tackle the tasks ahead together with the Board of Management team.”
The decision comes as Volkswagen continues to navigate industry changes and ongoing market challenges.