BMW's Supervisory Board has announced Harald Krüger will become CEO and Chairman of the Board of Management effective May 13th, 2015.

BMW's Supervisory Board has announced Harald Krüger will become CEO and Chairman of the Board of Management effective May 13th, 2015.

Krüger joined BMW in 1992 and has a degree in mechanical engineering. He has been on the company's board since 2008 and has been responsible for BMW Group production since April 2013.

Krüger will be replacing current Dr. Norbert Reithofer who will be nominated to the Supervisory Board. If elected, he will eventually become the Chairman of the Supervisory Board.

That spot is currently held by Prof. Joachim Milberg, who will step down to play a "leading role connected with the BMW Group's worldwide CSR activities and charitable foundations."

In a statement, Prof. Milberg said "The automotive industry is undergoing a fundamental shift. Those who want to play an active role in shaping tomorrow’s mobility need constantly to find viable solutions to future challenges. The BMW Group plans to maintain its leading role in the premium segment. To achieve this, we have to hand over responsibility to the next generation at an appropriate time."

Check out the press release for additional information

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