Professor Joachim Milberg is the new Chairman of the Board of BMW
Reorganization and strengthening of the Board
At its meeting today, the BMW Supervisory Board was informed about the situation of the company – especially the situation at Rover – by the Managing Board.
At this meeting, Bernd Pischetsrieder, 50, Chairman of the Board of BMW AG, asked the Supervisory Board to accept his resignation. The Supervisory Board accepted his resignation and thanked him for working for BMW so successfully for over 25 years.
Dr. Wolfgang Reitzle, 49, Member of the Board responsible for “Market and Product,” also submitted his resignation, and the Supervisory Board accepted, once again expressing its gratitude for his successful work for BMW for over 20 years.
The Supervisory Board appointed Professor Dr. Joachim Milberg, 56, currently responsible on the Board for “Engineering and Production,” as the new chairman of the Management Board.
The Supervisory Board also appointed Carl-Peter Forster, 44; Dr. Henrich Heitmann, 57; and Dr. Wolfgang Ziebart, 49. Forster, who is currently head of BMW South Africa, will take over “Engineering and Production;” Heitmann, currently head of the North and South America sales region, will assume responsibility for “Sales;” and Ziebart, until recently responsible for the launch of the new 3-series at BMW, will take over the “Development” Division.