Former McLaren CEO Michael Leiters has been named the new boss of Porsche as Volkswagen Group boss Oliver Blume gives up his dual role.
Leiters, who will begin the role on 1 January, left McLaren earlier this year after a three-year tenure as CEO, following the British firm's merger with EV start-up Forseven, which saw Nick Collins installed as CEO of the wider McLaren Group Holdings enterprise.