On Thursday, BMW announced that Oliver Sipse, his current 55-year-old manager, has been appointed as chairman of the board, the German manufacturer of high-end cars, who has been the manager of a production expert.
"BMW's Supervisory Board appointed Oliver Zipse as the new chairman of the Executive Board at the meeting on 16 August 2019," the Group statement said.
BMW has appointed a new board chairman at the beginning of the month after current incumbent Harald Krueger has decided not to seek a new term.
Expressing his desire to know new professional experiences, 53-year-old Harald Krueger had overtaken BMW's supervisory board, which would discuss its possible renewal for a second five-year term.
Former production manager Harald Krueger was hired briefly in December 2014 before taking up his duties in May 2015 after Herbert Deis left for the competing Volkswagen.
Under his leadership, BMW lost the position of the world's leading luxury car brand in favor of Mercedes-Benz, its rival Daimler, in 2016, and restricted the mass production of carbon-based electric cars at a time when American Tesla was still seducing more and more vehicles with zero-emission vehicles. (Edward Taylor, Benno Van Overstraten for French Service)