BMW CEO Harald Krueger Informs Board He Won’t Seek a Second Term
- Harald Kreuger won’t seek new term at German luxury carmaker
- Production head Zipse is said to be top candidate for CEO job
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BMW AG Chief Executive Officer Harald Krueger told the board he won’t seek a second term, pre-empting mounting speculation over his future at the German luxury carmaker.
The 53-year-old executive, who has led BMW since 2015, has faced growing criticism amid falling profits and an electrification plan that was seen as too tentative for a rapidly changing industry, Bloomberg reported in May. Production head Oliver Zipse, 55, is the front-runner to succeed him, a person familiar with the matter said Friday.