Wall Street

Volkswagen investors question plan for CEO to lead Porsche listing

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Reuters UK

By Victoria Waldersee and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) -Volkswagen investors believe incoming CEO Oliver Blume will struggle to lead both the Volkswagen Group and Porsche – and to pull off a planned listing of the sports car maker while wearing both hats. Friday’s announcement that group CEO Herbert Diess would be replaced by Porsche boss Blume has rekindled investor concerns about corporate governance problems at Europe’s top carmaker, which some shareholders have said weigh on the stock’s performance. “Blume can’t take care of everything … this underscores the bad corporate …

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