Porsche IPO, Software Fix: What Awaits VW’s New CEO

As much of Volkswagen AG takes a summer break the next few weeks, Oliver Blume, the carmaker’s designated chief executive officer, will be staring down an extensive to-do list.

A diverse set of pressing issues await the 54-year-old ascending to the job Herbert Diess has been ousted from. Lead among them will be listing Porsche AG — VW’s most prized asset — amid the worst climate for initial public offerings in years, and fixing protracted problems at the software division postponing new electric Porsches and Audis.