BMW Chair Kruger Steps Down

by Member - Evanwritescars on July 5, 2019, 10:28 am

BMW will be looking for a new Chair. Current Chairman of the Board of Management Harald Krüger has said that he will not be seeking a second term.

"The BMW Group has been my professional home for more than 27 years. After more than ten years in the Board of Management, more than four of which as the CEO of the BMW Group, I would like to pursue new professional endeavours and leverage my diverse international experience for new projects and ventures,” said Krüger. “Over the last years, the automotive industry has been shaped by enormous changes, which have brought about more transformation than in the previous 30 years. This has demanded tremendous efforts from every employee within the company. For their outstanding commitment, I would like to personally thank each and every one of them. It has always been a true honour for me to work with this tremendous team and to set the BMW Group on a path towards a successful future during the most significant transformation of this industry.”

Krüger took over the position in 2015 from Dr Norbert Reithofer. In the role, Krüger is responsible for the BMW Next strategy which will see the company's largest model roll-out ever and the transition to electrification.

“The BMW Group is a unique company with a long tradition, a great pioneering spirit and a passion for innovation. Over the past few years, we have set the strategic course to steer the BMW Group successfully into the future. The associates around the world are the greatest strength of the BMW Group. Together, they are on the path to the mobility of tomorrow and I am certain that they will successfully shape the future of our industry and beyond,” said Krüger.

He will stay in the position until a supervisory board meeting July 18th, when succession will be addressed._a2_

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