BMW CEO declines second term

Bradley Prior

MyBroadband Journalist
Staff member
Super Moderator
Oct 16, 2018
BMW CEO declines second term

MW 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. [Bloomberg]