106th Annual General Meeting: Oliver Zipse hands over Chairmanship of the Board of Management of BMW AG to Milan Nedeljković – AutoMart Canada

Munich. Continuity and experience at the helm of the
Group: At the end of today, Oliver Zipse will hand over the position
of Chairman of the Board of Management of BMW AG to Dr.-Ing.
Milan Nedeljković. Zipse is concluding his tenure on the Board of
Management as planned after a total of 35 years with the company.

The entire Supervisory Board of the company expresses its sincere
gratitude to Oliver Zipse for his outstanding contributions to the BMW
Group. During his tenure, he strategically realigned the company and
successfully guided the BMW Group through global crises such as the
COVID-19 pandemic.

“Through his strategic leadership and long-standing commitment,
Oliver Zipse has shaped the development of the BMW Group. His name
will be closely associated with the NEUE KLASSE, as BMW’s central
future-oriented project,” says Supervisory Board Chairman Dr. Nicolas
Peter. “Oliver Zipse has always taken a clear stance, even in the face
of external resistance, thereby keeping the company strategically on
course during volatile times.”

“For more than 35 years, the BMW Group has been my professional home.
I am leaving with a deep sense of gratitude: for the trust that was
placed in me, for the professional challenges that have taken me to
various areas in the company; and above all, for an exceptional team
that is shaping the mobility of the future with passion and a
pioneering spirit. It has been a great honour for me to lead the BMW
Group as Chairman of the Board of Management for seven years”, says
Oliver Zipse, Chairman of the Board of Management of BMW AG.

His successor, Milan Nedeljković, has been a member of the Board of
Management of BMW AG since 2019 and has been responsible for
Production. The 57-year-old began his professional career with the
company in 1993 as a trainee and has extensive international
experience. Nedeljković held various management positions, including
at the Oxford, Leipzig and Munich plants, as well as Head of Corporate
Quality. His contract as Chairman of the Board of Management runs
through 2031.

Dr. Nicolas Peter: “Milan Nedeljković impresses with entrepreneurial
thinking and a consistent goal-oriented approach, as well as a clear
focus and stringent execution of complex issues. He places great
importance on the responsible use of resources, whether economic or ecological.”

Milan Nedeljković says: “With the NEUE KLASSE, we are bringing a
generation of vehicles to the road that sets technological and
emotional benchmarks. Our product momentum is outstanding. Together
with our global footprint, this gives us a tailwind. In a dynamic
environment, consistent and entrepreneurial action is required.
Profitability and speed are crucial. I look forward to leading this
extraordinary company into the future.”

Dr. Raymond Wittmann (47) will succeed him as Board Member for
Production effective 14 May. He has been with the BMW Group since 2015
and has been responsible for Corporate Strategy and Development since
2024. Prior to this, he held several management positions in various
corporate divisions.

“Raymond Wittmann combines strategic thinking with operational
excellence and sound business management,” says Dr. Nicolas Peter.
“With his broad, cross-divisional experience and international
perspective, he possesses the key qualities required to lead the
Production division.”

As part of today’s Annual General Meeting, the Supervisory Board will
propose that Dr. Christian Bruch, Chairman of the Executive Board of
Siemens Energy AG, be re-elected to the Supervisory Board for a term
of four years. The term of office of Mr Heinrich Hiesinger, former
Chairman of the Executive Board of ThyssenKrupp AG, will end with the
close of today’s Annual General Meeting.

Following the 106th Annual General Meeting of BMW AG, a separate
meeting of the preferred shareholders will be held today. It is to
decide on the approval of converting all preferred shares into
ordinary shares.

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

Dr. Dominic Stoiber, Communications BMW Group, Finance, Sales

Telephone: +49 151 601-51137

Email: Dominic.Stoiber@bmw.de

Lennart Wermke, Communications BMW Group Financial Services

Telephone: +49 151 601-98096

Email: Lennart.Wermke@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 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 2025, the BMW Group sold 2.46 million passenger vehicles and more
than 202,500 motorcycles worldwide. The profit before tax in the
financial year 2025 was € 10.2 billion on revenues amounting to €
133,5 billion. As of 31 December 2025, the BMW Group had a workforce
of 154,540 employees.

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

www.bmwgroup.com

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