As previously announced, Harald Kruger assumed the role of Chairman of the Board of Management of BMW AG with effect from the end of AGM held on May 14, 2015. Kruger, who holds an engineering degree, was most recently Board of Management member for Production. He joined the BMW Group in 1992 and has been a member of the Board of Management since December 2008.

He was head of Human Resources until assuming responsibility for MINI, Motorrad, Rolls-Royce and Aftersales at the end of June 2012, a position he held until moving to head of Production in April 2013. The previous Chairman of the Board of Management, Dr. Norbert Reithofer, was elected to the Supervisory Board at the Annual General Meeting. At a meeting of the Supervisory Board held after the AGM, he was also elected its Chairman.

Dr. Reithofer joined the company in 1987 and had been a member of the Board of Management since March 2000. He was responsible for Production until September 2006, when he took over as Chairman of the Board of Management of BMW AG. The previous Chairman of the Supervisory Board, Professor Joachim Milberg, stepped down with effect from the end of the Annual General Meeting.

Professor Milberg has served the company in leading positions for more than two decades. Professor Milberg will maintain close ties with the company in the future and assume a leading role in the BMW Groups worldwide activities relating to corporate social responsibility and charitable foundations. Oliver Zipse appointed to the Board of Management, responsible for Production.

As previously announced in March 2015, Oliver Zipse has been appointed to the Board of Management of BMW AG and will assume responsibility for the Production Division effective immediately. Zipse began his career with the company in 1991 as a trainee and has since held various management positions. He was most recently Senior Vice President of Corporate Planning and Product Strategy for the BMW Group.