Munich. At a meeting of the Supervisory Board held following the Annual General Meeting of BMW AG, Dr. Nicolas Peter was elected its chairman. 86.21 percent of shareholders had voted earlier, at the BMW AG Annual General Meeting, to appoint Dr. Peter to the Supervisory Board for a four-year term.
Dr. Nicolas Peter served as the member of the Board of Management of BMW AG responsible for the Finance division from January 2017 to May 2023. He has extensive experience in the automotive industry, combined with many years in a wide range of management positions at the BMW Group.
Dr. Peter has not held any position within BMW AG since 11 May 2023 and has therefore completed the two-year cooling-off period required by the German Corporate Governance Code.
The Annual General Meeting has also elected Dr. Marc Bitzer, Ms. Rachel Empey, Ms. Anke Schäferkordt and Prof. Dr. Christoph Schmidt to the Supervisory Board for another four-year term.
+++ Statement Oliver Zipse, Chairman of the Board of Management of BMW AG +++ 105th Annual General Meeting of BMW AG on 14th May 2025 +++ Livestream from the Olympic Hall in Munich +++
Robust. Dependable. With a clear focus on the future.
The BMW way – for the success of your company.
Dear Shareholders!
Our lives are increasingly digital – and, in global business, virtual formats offer many advantages. But, let's not forget – people are not digital. We all still value meeting face to face. We want to look each other in the eye.
That is why it is great to see so many of you here today, in the Olympiahalle. And to everyone joining us remotely: A very warm welcome to you as well!
This is your company’s 105th Annual General Meeting!
The heart of BMW beats all over the world. BMW is a global team, united by a strong sense of community. 159,000 people: highly motivated. High-performing. Innovative. Together, we are the BMW Group.
Of course, one could also say: BMW, that's just a DAX-listed company. A reliable employer; at its core, it remains an abstract construct.
+++ Formal tribute at Annual General Meeting of BMW AG. +++ Oliver Zipse: “major architect of today's success”. +++ Supervisory Board sets course for continuity at the company. +++
Munich. An important chapter in the history of the BMW Group is coming to an end: Dr. Norbert Reithofer, Chairman of the Supervisory Board of BMW AG since 2015 and closely associated with the company for nearly four decades, is stepping down from his position, effective today.
“After 38 years, it is time for me to say goodbye to the BMW Group. It has been an honour to be a part of this exceptional company. I would like to thank all our associates, shareholders and stakeholders for your trust and support,” said Reithofer. “Together, we have overcome tremendous challenges and celebrated unparalleled successes. I firmly believe that the BMW Group will continue to follow its own, unique BMW path.”
Dr. Reithofer has held various managerial positions at the company since 1 October 1987, starting out as head of Maintenance Planning. From March 2000, he served as a member of the Board of Management, responsible for the Production division. In September 2006, Reithofer was appointed Chairman of the Board of Management, taking over from Helmut Panke. In May 2015, he succeeded Prof Joachim Milberg as Chairman of the Supervisory Board.
The fascination of the BMW Group lies not just in our products and technologies but in our history too, which has been written by inventors, pioneers and engineers.
Today, the BMW Group is the world’s leading manufacturer of premium cars and motorcycles and a provider of premium financial and mobility services. We operate over 30 production sites around the world and a global sales network.
At the BMW Group, we know we have a responsibility to society and the world. That’s why we have fixed targets and values that govern the way we do business. With the help of our strategic focus, we want to make a meaningful contribution to a more sustainable world and combine top-flight mobility with innovative technologies.
The BMW Group is the world’s leading provider of premium cars and motorcycles and the home of the BMW, MINI, Rolls-Royce and BMW Motorrad brands. Our vehicles and products are tailored to the needs of our customers and constantly enhanced – with a clear focus on sustainability and the conservation of resources.
As a multinational, the BMW Group operates in a wide variety of fields and offers a broad portfolio of products and services. To ensure full transparency and compliance, we regularly publish reports and compile our KPIs – from headcount and exact annual revenues to investments and R&D quotas. That way, our customers, partners and investors are always up to date with what’s going on in our organisation.
Fascination. At the BMW Group, it’s a global phenomenon. Formed by our products and technologies, but also by our innovativeness, pioneering spirit and visionary thinking, we have positioned ourselves as the market leader. We see the challenges we face as a privilege – because to us, driving technological transformation and developing new solutions for personal mobility are an opportunity: they are a chance to maintain a long-term focus on sustainability and enhance our culture of appreciation and equality. After all, it’s our people and their passion and commitment that will lead our organisation into the future.
With employees from over 110 nations, the BMW Group unites people around the world. What’s more, we know that the diversity and individuality of our team open up unique perspectives for our organisation. That’s why, to us, inclusion and equal opportunities are fundamental values that we uphold without compromise and will continue promoting and enhancing through our active commitment to diversity.
At the BMW Group, following and delivering on environmental standards is paramount. We have a range of measures in place to ensure regulations are adhered to across the board – by our suppliers as well as every one of our production sites worldwide. The conservation of natural resources and recycling are among our top priorities, and we work constantly to deliver on them by redefining our environmental standards and multistage due diligence processes.
Human rights are something we should not just uphold but also champion and increasingly focus on through projects and initiatives. With our various campaigns across the globe, we are committed to acting in line with our social standards. We also work with our partners to support the development and promotion of projects and ensure human rights are rigorously safeguarded along the global supply and value chains.
When it comes to future mobility, new and innovative perspectives are needed as we work together to come up with personal solutions. We work with various stakeholders and concepts to create space for exchanges within the BMW Group, with in-house and external experts, progressive personalities and unique points of view. Because that way, we can turn different ways of thinking and ideas into new solutions.
