BMW CEO to step down after disappointing business results | The Business Standard
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THURSDAY, JULY 24, 2025
BMW CEO to step down after disappointing business results

Economy

UNB
05 July, 2019, 05:35 pm
Last modified: 05 July, 2019, 05:44 pm

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BMW CEO to step down after disappointing business results

A company news release quoted Krueger as saying he would like to pursue "new professional endeavors."

UNB
05 July, 2019, 05:35 pm
Last modified: 05 July, 2019, 05:44 pm
BMW CEO Harald Krueger. Photo: Collected
BMW CEO Harald Krueger. Photo: Collected

BMW says CEO Harald Krueger is stepping down and that the company's board will meet later this month to discuss a successor.

Friday's news comes after BMW lost money on its automotive business in the first quarter of the year after the company was hit by a 1.4 billion euro ($1.6 billion) charge for an anti-trust case and by higher upfront costs for new technology.

A company news release quoted Krueger as saying he would like to pursue "new professional endeavors."

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Krueger's contract was due to expire in 2020.

 

World+Biz / Top News

BMW / Harald Krueger / CEO / step down

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