BMW Appoints Oliver Zipse As Its New Chairman

BMW has officially announced Oliver Zipse as the successor of Harald Krueger in the position of Chairman of the Board of Management.

The Bavarian car maker’s supervisory board announced its decision today, and the 55-year-old executive will start at his position on August 16. Krueger will resign as Chairman and will leave the Board of Management by mutual agreement on August 15.

“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 BMW’s Supervisory Board.

Also Read: BMW CEO Harald Krueger To Step Down From His Position

Zipse has been the favorite to replace Krueger ever since the departing CEO announced he will not seek an extension to his term in BMW’s top spot.

“The Supervisory Board greatly respects the decision by Harald Krueger and today expressed our sincere appreciation for his many years of successful work within the BMW Group. On behalf of the entire company, we all wish him all the best in the future and hope that the BMW Group will always have a special meaning for him,” Reithofer added.

Zipse has been working in BMW since 1991, when he joined the company as trainee. The 55-year-old has been a member of the Board of Management since 2015, being responsible for the production division. He’s credited with the company’s very efficient manufacturing network, which was expanded under his watch in China, the US and Hungary, helping BMW to achieve very high profit margins.

Zipse is tasked with driving BMW into the future, shifting the company’s focus on electric cars and the development of autonomous driving technologies.

more photos...
  • PK

    Good luck! You’re gonna need it lol

Nissan Still Weighing Its Options On The R36 GT-R’s Powertrain

The successor to the 12-year old GT-R will either be a hybrid or an all-electric. And that’s a definite maybe…

2020 Porsche Taycan Interior Fully Revealed, Even The Passenger Gets A Touchscreen

The Porsche of the future sure is futuristic.

Chevrolet Details 2020 Bolt, Confirms 259 Mile Range

Despite being able to travel an extra 21 miles, the car will still cost $37,495 before incentives.

Audi Could Team Up With BMW And Mercedes On Autonomous Driving Tech

An announcement could come at the Frankfurt Motor Show.

Richard Hammond Celebrates His Mid-Life Crisis With A (….Sponsored) Ford Ranger Raptor

Richard Hammond even shocks his passengers with some off-roading in the Ford Ranger Raptor.

Lamborghini Teases A Mystery Model For Frankfurt, Could Be A Limited Edition Hypercar

The model appears to draw inspiration from the 2017 Terzo Millennio concept.

2020 Chevrolet Bolt To Have Increased Range Of 259 Miles

The model could have an extra 21 miles of range.

Ford Thinks Its Co-Pilot360 Tech Will Silence Backseat Drivers

According to a recent study, 68% of drivers believe backseat driving behavior will go down thanks to semi-autonomous tech.

Tesla Would Like To Enter The Indian Market, If Not For Exorbitant Taxes

The Indian government wants to establish itself as a global manufacturing hub for electric vehicles so, naturally, Elon Musk is keeping an eye on it.

Charlize Theron Goes For A High-Octane Ride In Hyperdrive Traler

Hyperdrive will gather 28 car enthusiasts around the world competing in various challenges.