PressClub Italia · Article.
BMW Group takes steps to initiate a generational change at the head of the Board of Management and Supervisory Board
Tue Dec 09 11:58:52 CET 2014 Comunicati Stampa
Harald Krüger to become Chairman of the Board of Management in May 2015 +++ Dr. Norbert Reithofer proposed to succeed as Chairman of the Supervisory Board +++ Prof. Joachim Milberg to take leading role in the BMW Group's worldwide CSR activities and charitable foundations +++ Klaus Fröhlich appointed to Board of Management with responsibility for Development +++
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BMW Group
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Author.
Roberto Olivi
BMW Group
Harald Krüger to become Chairman of the Board of Management in
May 2015
Dr. Norbert Reithofer proposed to succeed as
Chairman of the Supervisory Board
Prof. Joachim Milberg to take
leading role in the BMW Group's worldwide CSR activities and
charitable foundations
Klaus Fröhlich appointed to Board of
Management with responsibility for Development
Munich
. At its meeting today, the Supervisory Board of BMW
AG took the first steps to initiate a generational change at the head
of the company's Board of Management and Supervisory Board. Harald
Krüger will become Chairman of the Board of Management effective the
end of the Annual General Meeting on 13 May 2015. The current Chairman
of the Board of Management, Dr. Norbert Reithofer, will be put forward
for election to the Supervisory Board at the 2015 Annual General
Meeting. Moreover, the Supervisory Board expressed its support for the
proposal that Dr. Reithofer – subject to his election to the
Supervisory Board – be elected to the position of Chairman of the
Supervisory Board after the 2015 Annual General Meeting.
The current Chairman of the Supervisory Board, Prof. Joachim
Milberg, will step down as a member of the Supervisory Board effective
the end of the 2015 Annual General Meeting. This move enables a
generational change also at the head of this body. Once his mandate on
the Supervisory Board is ended, Prof. Joachim Milberg will take on a
leading role connected with the BMW Group's worldwide CSR activities
and charitable foundations.
"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.
Generational change ensures continuity and strategic
vision
On Tuesday, the Supervisory Board meeting chaired
by Prof. Milberg – in agreement with the Nomination Committee and
shareholders holding in aggregate more than 25 percent of the voting
rights in BMW AG – requested the current Chairman of the Board of
Management, Dr. Reithofer to stand for election to the Supervisory
Board at the Annual General Meeting on 13 May 2015.
"With today's decision and recommendation for the positions
of Chairman of the Board of Management and Chairman of the Supervisory
Board, we have taken the first steps for a generational change, which
combines the need for continuity and experience with the creative
energy of the younger generation,” commented Stefan Quandt, Deputy
Chairman of the Supervisory Board, after the meeting. "We are
convinced that this combination will be a decisive factor for the
future success of the BMW Group – in the interests of customers,
employees and shareholders alike.”
Manfred Schoch, Chairman of the General Works Council and Deputy
Chairman of the Supervisory Board, stated in Munich, “The excellent
spirit of cooperation between the Works Council and company management
represents a long tradition at the BMW Group and is one of the
underlying reasons for our success. We want to maintain this
relationship through the generational change and thus play a
continuing role in jointly shaping the BMW Group's future."
The designated Chairman of the Board of Management, Harald
Krüger (49), joined BMW AG in 1992, following completion of his degree
in mechanical engineering, and has been a member of the board since 1
December 2008 when he was given responsibility for Human Resources. On
30 June 2012, he took over responsibility for MINI, Motorrad,
Rolls-Royce and Aftersales BMW Group. Since 1 April 2013, he has been
responsible for Production at the BMW Group.
Dr. Reithofer (58) joined BMW AG in 1987 and has been a member
of the Board of Management since March 2000. He was responsible for
Production until September 2006, when he became Chairman of the Board
of Management of BMW AG. In this capacity, he played a key role in
spearheading the company’s new strategic direction through Strategy
Number ONE. This included the successful expansion of the BMW Group's
product and service portfolio, significantly larger international
sales and production networks and a firm commitment to electromobility
in the form of the innovative brand, BMW i.
In the words of Prof. Milberg, “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. All of these achievements
deserve genuine appreciation."
The Chairman of the Supervisory Board, Prof. Milberg (71), has
accompanied BMW AG's progress over the past two decades in various
functions. He joined BMW AG in November 1993 as board member
responsible for Production. In February 1999, Prof. Milberg was
appointed to the position of Chairman of the Board of Management of
BMW AG. He was elected to the Supervisory Board in May 2002 and became
its Chairman in May 2004. The Supervisory Board extended Prof.
Milberg's mandate as Supervisory Board Chairman most recently in May 2013.
With immediate effect, Klaus Fröhlich (54) is the new member of
the Board of Management with responsibility for Development. This
appointment was also decided at today's meeting of the Supervisory
Board. Klaus Fröhlich has been with the BMW Group since 1987, during
which time he has held various executive management functions. Most
recently, he was in charge of the Small and Mid-sized Series Product
Line. His predecessor on the board, Dr. Herbert Diess, has left the
company of his own accord.
The BMW Group
With its BMW, MINI and Rolls-Royce
brands, the BMW Group is the world’s leading premium manufacturer of
cars and motorcycles and provider of premium financing and mobility
services. It operates internationally with 30 production and assembly
plants in 14 countries and a global sales network with representation
in more than 140 countries.
During the financial year 2013, the BMW Group sold approximately
1.963 million cars and 115,215 motorcycles worldwide. The profit
before tax for 2013 was € 7.91 billion on revenues amounting to
approximately € 76.06 billion. At 31 December 2013, the BMW Group had
a workforce of 110,351 employees.
Long-term thinking and responsible action have long been the
foundation of the BMW Group’s success. Constant striving for
ecological and social sustainability along the entire value-added
chain, full responsibility for our products and an unequivocal
commitment to preserving resources are prime objectives firmly
embedded in our corporate strategies.
www.bmwgroup.com
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Article Offline Attachments.
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Change Board of Management and Supervisory Board PDF, IT, 126,01 KB
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CV Harald Krüger PDF, IT, 64,35 KB
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CV Klaus Fröhlich PDF, IT, 61,71 KB