Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

BMW promotes Oliver Zipse to CEO

BMW promotes Oliver Zipse to CEO
FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company's annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder -
Copyright
Michael Dalder(Reuters)
Euronews logo
Text size Aa Aa

FRANKFURT (Reuters) – German luxury carmaker BMW <BMWG.DE> on Thursday named 55-year-old Oliver Zipse as its new chief executive, continuing a tradition of promoting a manufacturing expert to the top job.

“The Supervisory Board of BMW AG appointed at today’s meeting Oliver Zipse as the new Chairman of the Board of Management with effect from 16 August 2019,” the company said in a statement on Thursday.

BMW installed a new boss after 53-year-old Harald Krueger said he would not be available for a second term as CEO, pre-empting a discussion about whether was eligible for a contract renewal.

(Reporting by Edward Taylor; Editing by Arno Schuetze)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.