We knew that BMW chairman Helmut Panke would go "buh-bye" after his contract expires in 2007 due to BMW's policy to boot any leader over the age of 60, but we weren't sure who would take the helm. BMW has announced that the man for the job is Norbert Reithofer, who has been production manager since 2000. The 50 year-old German has been with BMW since 1987.

Thanks to a stint managing the company's Spartanburg, S.C. plant, Reithofer has some experience with BMW's U.S. operations and the American market, which is of importance to the company.

It has not been reported whether Panke will sit on the supervisory board after he turns over the top spot -- the board does not currently have a seat open.

[Source: Associated Press via the Houston Chronicle]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X