BMW chairman Dr Norbert Reithofer is stepping down from the enterprise as we speak.
Reithofer has been an architect of BMW Group’s strategic success for greater than twenty years. In 2000 he joined its board of administration, and in 2015 he turned chairman of its supervisory board.
The corporate, which incorporates the Rolls Royce Motor Automobiles and Mini manufacturers in addition to BMW vehicles and bikes, mentioned its success in latest a long time “is inseparable from the efforts of Dr Reithofer.”
Reithofer launched the BMW i electromobility model, accelerated digitalisation and performed a key function in driving worldwide growth.
Stefan Quandt, deputy chairman of the BMW supervisory board, mentioned: “On behalf of my household and all our shareholders, I wish to thanks to your excellent entrepreneurial achievements, which have introduced the corporate to the place it’s in as we speak. I can say with absolute conviction: It’s actually the tip of an period.”
Oliver Zipse, administration board chairman, added: “Dr Reithofer is a serious architect of the BMW Group’s success as we speak. Throughout his time as chairman of the board of administration, he elevated all the corporate’s related key figures to a brand new degree. As chairman of the supervisory board, he at all times served as a worthwhile supply of momentum and steerage, supporting the work of the board of administration in a constructive, essential and motivating manner. His profitable efforts will proceed to form the course of the corporate properly past the tip of his tenure.”
Reithofer’s first managerial place with BMW was in 1987 as head of upkeep planning.
Reithofer’s successor is Dr Nicolas Peter.
