- Push-out Score determined
- After about four years in the position
- Praise and thanks for Krüger
- Search for a successor
- Krüger made a lengthy statement and said 222 words
(exechange) — Munich, Germany, July 5, 2019 — Harald Krüger, chief executive of BMW, leaves. As announced by BMW AG in an ad-hoc statement and in a news release on Friday, July 5, 2019, Harald Krüger leaves his post as Chief Executive Officer at the German luxury carmaker after about four years in the role.
Until a decision has been made, Harald Krüger will hold his position as Chairman of the Board of Management.
“To pursue new professional endeavours”
Harald Krüger’s departure from the CEO post is explained as follows. Krüger said: “After more than ten years in the Board of Management, more than four of which as the CEO of the BMW Group, I would like to pursue new professional endeavours and leverage my diverse international experience for new projects and ventures.”
Precise information regarding Harald Krüger’s future plans was not immediately available.
“He will not seek a second term of office”
BMW said: “The Chairman of the Board of Management of BMW AG, Harald Krüger, gave notice today that he will not seek a second term of office.”
BMW further said: “The Chairman of the Board of Management, Harald Krüger, today informed the Chairman of the Supervisory Board that he will not seek another term of office beyond his current term running until 30 April 2020.”
Share price decline
The announcement follows a decline in Bayerische Motoren Werke Aktiengesellschaft’s share price of 39 percent since May 2015.
Chaired by Norbert Reithofer
BMW is chaired by Norbert Reithofer.
He has been Chairman of the Supervisory Board of BMW AG since May 2015.
In the position of CEO since 2015
Krüger’s bio reads as follows:
*Born in 1965
Nationality: German
1992 joined BMW AG
1993 – 1995 Project engineer for plant assembly at Spartanburg (USA)
1995 – 2003 Various executive management functions at the BMW Group in Munich
2003 – 2006 Director Engine Production at Hams Hall, BMW Group UK
2007 – 2008 Director Technical Integration, Munich
December 1, 2008 – June 30, 2012 Member of the Board of Management of BMW AG; Human Resources
April 1, 2012 – March 31, 2013 Member of the Board of Management of BMW AG; MINI, Motorrad, Rolls-Royce, Aftersales BMW Group
April 1, 2013 – May 13, 2015 Member of the Board of Management of BMW AG; Production
since May 13, 2015 Chairman of the Board of Management of BMW AG.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to BMW and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 27.2019 ($).