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PressClub South Africa · Article.

Statement by Dr. Helmut Panke concerning the personnel changes at the top of the BMW Group for the future

Statement by Dr. Helmut Panke on the occasion of the press conference on 20 July 2006.

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Guy Kilfoil
BMW Group

"Ladies and gentlemen, today, in the responsibility and role that
it enjoys, the Supervisory Board has set the course for personnel
continuity in the long term in the management of the BMW Group. As
from 1 September this year, Dr. Norbert Reithofer will thus, as my
successor, be taking over responsibility as Chairman of the Board of
Management. I myself never left anyone in any doubt that I enjoyed, and
still enjoy, this task. I would like to wish the company and all its
associates continued success in the future - and hope that they enjoy
every minute of it. Thank you very much."

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