of February 7, 1999
- update Feb. 11 -
will lead you to the full article)
Page 1 of 3
BMW´s Management : Reitzle won election by one voice, Milberg considering resignation
moving to Ford?
German magazine STERN (Hamburg) reports in its latest edition of Feb.
11, 1999, that Joachim Milberg, BMW AG, thinks about resignation from his new job as
Chairman of the Board of Directors. Following these insider information the former head of
development, Wolfgang Reitzle, was originally appointed for this job. But because of the
bare majority of only one voice, Reitzle declined the offer. Supported was Reitzle´s
decision by the tremendous problems with Rover. His argument was that he wanted the
complete board behind and not only half of it. Finally BMW had to find another candidate
and this turned out to be Joachim Milberg who now considers giving up the job.
It is discussed, that Reitzle will take over a position at Ford, which
was left without comment by Jac Nasser of Ford.
Dr. Wolfgang Reitzle (49)
BMW : Reorganization and strengthening of the Board
The Rover situation was one of the topics at the Supervisory Board meeting on
5.2.99. At this meeting, Bernd Pischetsrieder, Chairman of the Board at
BMW AG, and Dr. Wolfgang Reitzle, responsible for "Market and
Product" on the BMW Board, asked the Supervisory Board to release them from office.
The Supervisory Board agreed and thanked them for their long-term, successful commitment
and dedication to BMW.
Professor Dr.-Ing. Joachim Milberg, currently responsible for "Engineering and
Production" on the Board, has been named successor to Bernd Pischetsrieder.
Prof. Dr.-Ing. Joachim Milberg,
the newly appointed head of BMW AG
source : BMW
Dr. Wolfgang Ziebart,
newly appointed head of the development division
source photos :
Dipl.-Ing. Dipl.-Volkswirt Carl-Peter
Forster, Dr.-jur. Henrich Heitmann and Dr.-Ing. Wolfgang Ziebart have been appointed new
members of the Board. The current head of BMW South Africa, Carl-Peter Forster, will take
over "Engineering and Production"; Dr. Henrich Heitmann, currently responsible
for the North and South American sales regions, will take over the position of Member of
the Board responsible for sales. Dr. Wolfgang Ziebart, project manager for the new 3
Series, will assume responsibility for Development Division.
|Dr. Henrich Heitmann,
newly appointed head of sales
newly appointed head of Engineering and Production
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