BMW names new CEO, chairman and head of development

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Filed under: Hirings/Firings/Layoffs, BMW, Volkswagen

Big changes are afoot in the top ranks at BMW, as the Bavarian automaker has announced not just one, but several appointments in the top floors of its towering headquarters in Munich in what the company itself is referring as "a generational change" in its leadership.



The biggest change relates to the chairman of BMW's management board - German-speak for the company's chief executive officer. Effective at the end of the company's Annual General Meeting on May 13, 2015, the company will be run by Harald Krüger. The 49-year-old mechanical engineer has been with BMW since 1992 and has sat on its board since 2008, and has until now been responsible for production for the entire BMW Group.



The chairmanship of the board of management currently belongs to Dr. Norbert Reithofer, whom the management is endorsing to chair the supervisory board (which Americans might call the board of directors). That role in turn is currently held by Professor Joachim Milberg, who will step down from his position in order to make way for Reithofer to take his place. Milberg is earmarked to remain with the company to oversee its corporate social responsibility and charitable activities.



BMW has also announced the appointment of Klaus Fröhlich to serve as its head of development with immediate effect. In his new capacity, Fröhlich replaces Dr. Herbert Diess, who in turn has left Munich to take over the Volkswagen passenger car division. Below you'll find statements from both BMW and VW on their new appointments.

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BMW names new CEO, chairman and head of development originally appeared on Autoblog on Tue, 09 Dec 2014 14:02:00 EST. Please see our terms for use of feeds.

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