FRANKFURT (Reuters) – BMW on Friday said Harald Krueger, Chief Executive of the German carmaker will not make himself available for a potential contract extension, pre-empting deliberations about whether to give him another five-year term at the helm.
“Harald Krueger today informed the Chairman of the Supervisory Board that he will not seek another term of office beyond his current term running until 30 April 2020,” the carmaker said.
BMW - Issue - CEO - Succession - July
BMW will address the issue of CEO succession on July 18, the Munich-based car and motorbike manufacturer said.
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