Questions are surfacing within BMW's supervisory board members as to whether Harald Krueger should remain as Chief Executive Officer for the next term.
Harald Krueger will end his tenure as BMW’s Chief Executive Officer next May.
Krueger’s current tenure ends next May, with an announcement on his future due in June or July. The shares rose 0.3% at the start of trading Wednesday in Frankfurt. “Results of the past four years are mixed, profitability is turning down quite substantially” and “there are no clear strategic signals.”Krueger, 53, has been at the helm since 2015, when he became the youngest leader of a major automaker and was tasked with leading BMW through the industry’s transition.
Daimler, Toyota and Volvo, meanwhile, have forged partnerships with Uber Technologies, while Jaguar Land Rover is teaming up on self-driving electric cars with Alphabet autonomous-vehicle unit Waymo. Efforts to deepen ties with Daimler have run into resistance from some board members who are wary of new partnerships, the people said.
BMW’s largest shareholder are the Klatten-Quandt siblings, which together hold about 45% of the shares.
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