BMW CEO Reithofer's supervisory board role backed by fund firmTue, 12, May 2015
UK fund firm Hermes Investment Management said it supported the election of BMW CEO Norbert Reithofer to the automaker's supervisory board. The proposal has drawn criticism for the lack of a cooling off period after Harald Krueger, the automaker's production chief, succeeds Reithofer as CEO.
BMW names Krueger as new CEO; Reithofer to be chairmanTue, 09, Dec 2014
BMW said CEO Norbert Reithofer would step down in May, one year early, and hand the reins of the luxury carmaker to production chief Harald Krueger. Reithofer, who has run BMW since 2006, is slated to succeed Joachim Milberg as chairman of the company's supervisory board, BMW said in a statement today.