BMW CEO Norbert Reithofer will step down, will be replaced by Harald Krueger

Article by Christian A., on December 9, 2014

Some big moves are happening at BMW as its CEO Norbert Reithofer will step down and he will be replaced by Harald Krueger, company’s current production chief. For those who don’t know, Norbert Reithofer has run BMW since 2006 and he will succeed Joachim Milberg as chairman of the company’s supervisory board.

In a statement, BMW said that Krueger’s appointment will take effect on May 13, 2015, while Reithofer will be will be put forward for election as supervisory board chairman. According to BMW, this decision is a step to initiate a generational change at the head of the board of management.

"The automotive industry is undergoing a fundamental shift. Those who want to play an active role in shaping tomorrow’s mobility need constantly to find viable solutions to future challenges. The BMW Group plans to maintain its leading role in the premium segment. To achieve this, we have to hand over responsibility to the next generation at an appropriate time,” explained Prof. Milberg on Tuesday, after the Supervisory Board meeting in Munich. [source: BMW]

Topics: bmw, ceo

If you liked the article, share on:

Comments

Recommended

Earlier this week, Nissan revealed a teaser of the new 2018 LEAF’s interior, giving us an idea of what the electric vehicle has to offer. The company released a video...
by - June 25, 2017
The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away...
by - June 24, 2017
The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
As prices of the original Shelby Cobra have skyrocketed into astronomical proportions, there are firms like Superformance that serve replicas to consumers who demand the same levels of performance at...
by - June 24, 2017
New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries