BMW GETS NEW CEO

BMW AG has announced Oliver Zipse (55), as its new Chairman of the Board of Management. Essentially he will be taking over as the company’s global Chief Executive Officer (CEO). Zipse will begin his tenure on 16 August 2019 as a replacement for Harald Krüger. Krüger had indicated that he would not be renewing his contract as head of the company.

“With Oliver Zipse, a decisive strategic and analytical leader will assume the Chair of the Board of Management of BMW AG. He will provide the BMW Group with fresh momentum in shaping the mobility of the future,” said Dr Norbert Reithofer, Chairman of the Supervisory Board of BMW AG.

Zipse has been a member of the Board of Management of BMW AG since 2015 and is currently responsible for the production division. He began his professional career in the company in 1991 as a Trainee and has since held various management positions, including a stint as Senior Vice President Corporate Planning and Product Strategy in South Africa.

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