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

Just a month ago, Wolfgang Durheimer, the former president of Bugatti, was removed from the company so he could replace Stephan Winkelmann, former Lamborghini CEO and Audi Sport boss as...
by - September 23, 2017
BMW will be launching a new Competition Package especially for the M5’s 2018 model year. While in Frankfurt, Andy Cook, BMW’s product exec has talked with Motor 1 regarding some...
by - September 22, 2017
BMW’s pure M and M-performance are currently being offered with six- and eight-cylinder turbocharged engines. But while German premium rival Mercedes-Benz offers – through its AMG division – a line...
by - September 22, 2017
In a recent report by Automotive News, we learned that FCA is no longer pursuing its original plans in using Alfa Romeo’s Giorgio architecture on both the Dodge Charger and...
by - September 22, 2017
Volvo Cars is proving that it is serious in its intention to grab a good piece of the global market for premium sports utility vehicles. While its XC60 and the...
by - September 22, 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