BMW has announced an executive shakeup, confirming CEO Norbert Reithofer’s successor and the departure of development chief Herbert Diess.
The company’s current production head, 49-year-old Harald Krueger, will be promoted to take the reins from Reithofer, who will be departing in May — ahead of schedule.
The company’s current production head, 49-year-old Harald Krueger, will be promoted to take the reins from Reithofer, who will be departing in May — ahead of schedule.
Reithofer’s early departure has been partially blamed on Diess, who allegedly left to take a position at Volkswagen after he learned that he would not be promoted to the chief-executive position, unnamed sources have told Reuters.
VW has tasked Diess with leading its passenger-car brand, taking over the responsibility from group chief Dr. Martin Winterkorn.
“With Herbert Diess we will be welcoming an outstanding personality and one of the most capable minds in the automotive industry to our Company,” Winterkorn said in a statement. “At the same time, this step puts the executive management of both the Group and the brand on an even broader footing.”
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