Reithofer re-elected chairman of BMW board

By May 17, 2020General Posts

from http://tradearabia.com

Dr Norbert Reithofer has been re-elected as the Chairman fo the Supervisory Board of BMW AG at a meeting of the board today.

He was earlier re-elected to the Supervisory Board for a mandate period of five years at today’s Annual General Meeting.

Reithofer has been associated with BMW AG for more than three decades. He joined the company in 1987 and was Chairman of the Board of Management between 2006 and 2015. He has been Chairman of the Supervisory Board since 2015.

The Annual General Meeting also newly elected Anke Schäferkordt to the Supervisory Board for a mandate period of five years. The media manager takes over the seat of Prof Renate Köcher, who stepped down early at the end of this year’s Annual General Meeting in agreement with the Supervisory Board.

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is a leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.

In 2019, the BMW Group sold over 2.5 million passenger vehicles and more than 175,000 motorcycles worldwide. The profit before tax in the financial year 2019 was €7.118 billion on revenues amounting to €104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.