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,
Volkswagen Labour Chief Pressures CEO Blume to Resign from Dual Role
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)
