Supervisory Board defines succession: Milan Nedeljković appointed new Chairman of the Board of Management of BMW AG – AutoMart Canada

• Oliver Zipse will leave the Board of Management after the Annual
  General Meeting in May 2026 as planned
• Nicolas Peter: „Nedeljković convinces with strategic foresight,
  strong implementation skills, and entrepreneurial thinking“
• Appreciation to Oliver Zipse: „Significant contribution to BMW“

Munich. Dr.-Ing. Milan Nedeljković will assume the
role of Chairman of the Board of Management of BMW AG effective on 14
May 2026. The company’s Supervisory Board took this decision today.
Following the successful launch of the Neue Klasse, Nedeljković will
succeed Oliver Zipse, who has been a member of the Board of Management
of BMW AG for more than ten years and has served as its Chairman since
August 2019. The Supervisory Board extends its sincere thanks to
Oliver Zipse for his outstanding achievements for the BMW Group.

“Milan Nedeljković convinces with his strategic foresight,
strong implementation skills, and entrepreneurial thinking. He stands
for very focused management of resources—whether financial or
ecological,” said Dr. Nicolas Peter, Chairman of the Supervisory
Board of BMW AG. ” Milan Nedeljković inspires people with ideas,
unites them behind shared values, and thereby motivates them to
realize peak performance. This is a crucial leadership quality to
maintain the BMW Group’s successful course in this time of transformation.”

In 2023, Oliver Zipse’s contract as Chairman of the Board of
Management of BMW AG was extended beyond the usual retirement age
until 2026. Subsequently, he will leave the Board of Management as
planned after the Annual General Meeting on 13 May 2026, concluding a
total of 35 years with the BMW Group. 

“Oliver Zipse has made a significant contribution to the BMW
Group and deserves our sincere gratitude. He has led BMW through
global crises such as the COVID-19 pandemic and represents the Neue
Klasse as the largest strategic project in the company’s
history,” said Peter. “Oliver Zipse has always prioritized
BMW’s success. He consistently took a clear stance—even in the face of
great external headwinds—and thus kept the company on track during
turbulent times.”

Milan Nedeljković, the designated Chairman of the Board of
Management, has been a member of the Board of Management of BMW AG
since 2019 and is currently responsible for the Production division.
The 56-year-old began his professional career at BMW as a Trainee in
1993 and has accumulated extensive international experience. He has
held senior leadership positions at Plant Oxford, as Managing Director
Plant Leipzig and Munich and as Senior Vice President Corporate
Quality. His contract as Chairman of the Board of Management will
extend into 2031.

Dr. Martin Kimmich, Chairman of the Global Works Council and deputy
Chairman of the Supervisory Board, said: “Milan Nedeljković is
held in high regard by and enjoys the trust of BMW’s workforce.
Together with him, we look forward to continuing the long tradition of
cooperative collaboration between the Works Council and corporate
management as a foundation for our BMW success story.”

If you have any questions, please contact:

BMW Group Corporate Communications

Max-Morten Borgmann, Head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24118

Email: max-morten.borgmann@bmwgroup.com

Media website: www.press.bmwgroup.com/deutschland

Email: presse@bmwgroup.com

The BMW Group

With its four brands, BMW, MINI, Rolls-Royce and BMW Motorrad, the
BMW Group is the world’s leading premium manufacturer of automobiles
and motorcycles and also provides premium financial and mobility
services. The BMW Group production network comprises over 30
production sites worldwide; the company has a global sales network in
more than 140 countries.

In 2024, the BMW Group sold 2.45 million passenger vehicles and more
than 210,000 motorcycles worldwide. The profit before tax in the
financial year 2024 was € 11.0 billion on revenues amounting to €
142.4 billion. As of 31 December 2024, the BMW Group had a workforce
of 159,104 employees.

The success of the BMW Group has always been based on long-term
thinking and responsible action. Sustainability is a key component of
the BMW Group’s corporate strategy – from the supply chain through
production to the end of the use phase of all products. 

www.bmwgroup.com

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