You are using an older browser version. Please use a supported version for the best MSN experience.

BMW CEO Reithofer to Step Down in May 2015

Motor Trend logo Motor Trend 12/9/2014 Jake Holmes

BMW CEO Dr. Nortbert Reithofer (above) will step down in May 2015, with company insider Harald Krueger replacing him as CEO and chairman of the board of management. The 58-year-old Reithofer became chairman of the board of BMW in September 2006. Krueger, 49, has served as BMW's head of production since April 2013.


Reithofer will continue to have a big influence in the running of BMW, as he will move to serve as chairman of the supervisory board, pending a vote at BMW's 2015 annual general meeting. He joined BMW in 1987 and, among other roles, was technical director for BMW South Africa from 1994-1998, and president of BMW Manufacturing Corporation in South Carolina from 1997-2000. Like Krueger, Reithofer served a stint as member of the board of management responsible for production, from March 2000 through September 2006.

One of Reithofer's most recent achievements is his approval of the very expensive Project i, which involved a hefty investment in carbon-fiber production and the development of the i3 and i8 plug-in cars.

BMW Harald Krueger Headshot© Provided by MotorTrend BMW Harald Krueger Headshot Krueger (above) joined BMW in 1992 as a trainee in the technical planning and production department, before holding positions in Spartanburg, South Carolina; the U.K.; and Munich.

"During his time as Chairman of the Board of Management, Mr. Reithofer has raised the BMW Group's performance to new heights, extended the company's lead in the premium segment and, at the same time, taken steps to ensure that the company is strategically prepared for the future," BMW's current chairman of the supervisory board, Professor Joachim Milberg, said in a statement.

Source: BMW

BMW Norbert Reithofer Headshot© Provided by MotorTrend BMW Norbert Reithofer Headshot

More from Motor Trend


image beaconimage beaconimage beacon