Porsche has begun the search for a successor to CEO Oliver Blume, a source close to the matter said, signalling what is likely to be the end of his dual role at the helm of the luxury sports car maker and parent Volkswagen .
Blume's twin posts have been a contentious issue among shareholders since Porsche's listing as a separate company in September 2022, with investors repeatedly calling for him to step down from one of the positions over governance concerns.
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