BMW Group is about to see a change in leadership. BMW Group CEO Harald Krueger has announced his resignation only four years after taking the role.
Krueger isn't out of the game, either. According to his resignation statement on Friday, he's stepping down to "pursue new professional endeavors." He didn't explain what exactly those endeavors would be.
His contract was due to end in April 2020, marking around now to be an ideal time to announce a resignation. This gives BMW Group time to discuss and decide on a successor. Currently, the biggest choices are Klaus Froehlich and Oliver Zipse, heads of R&D and Production respectively.
While Krueger was only CEO for four years, he's been a part of the organization for over 27 years. Though some blame recent decline in sales to his leadership. Granted, others blame the company's lack of investment in electric vehicles.
It will be interesting to see how BMW keeps up with the trends with whoever will take over the role.
BMW Group CEO Harald Krueger Announces Resignation
Posted By: LizardRock | 0 Comment(s) Posted On: Jul 09, 2019 @ 02:53 PM