FRANKFURT -- BMW Group said today it has promoted manufacturing expert Oliver Zipse to succeed incoming CEO Harald Krueger as head of production.
Zipse, 51, has held senior posts in product strategy and technical planning and served as head of Mini's UK plant during his 24-year career with BMW Group. He is scheduled to start his new job May 13.
That is the same day that Krueger, 49, is set to replace current CEO Norbert Reithofer, 58, who is in line to succeed Joachim Milberg, 71, as BMW Group supervisory board chairman. The changes all take effect after the automaker's annual general meeting.
Zipse began his career with the company in 1991 as a trainee and has since held various management positions in areas such as development, production and production planning at BMW's operations in Munich and South Africa.
He is currently senior vice president of corporate planning and product strategy for the group.
“Oliver Zipse has broad experience within the BMW Group’s international production network. This decision ensures continuity and sets the course for the company’s ongoing successful development,” BMW Chairman Milberg said today in a statement.