The car manufacturer BMW Convert its board. For the outgoing chief of development Frank Weber (58), the previous shopping director Joachim Post (53) changes to his post on his post, as the DAX group announced in Munich after a supervisory board meeting on Thursday. The new board member Nicolai Martin (46) will be the successor of Post in the shopping department. The manager was previously product line manager for the upper class vehicles at BMW and Rolls-Royce.
The fact that Weber did not receive a contract extension at the age of 58 was expected. In addition to production board Milan Nedeljković (55) and HR manager Ilka Horstmeier (55), post is considered more opportunities if the contract of CEO Oliver Zipse (61) will expire in the coming year and whose items have to be filled.
The manager magazine had already reported in January
that Weber’s expiring contract could lead to a board revirement. At the latest in the summer of 2026, CEO ZIPSE will take office, as internal sources reported. Anyone who could become his successor to the three candidates Post, Nedeljkovic and Horstmeier is still open. The personnel shifts are an intermediate step on the way there.
Weak annual end
There is currently hardly any recovery in sight at the group. In September, BMW had to Skind its forecasts clearly. On the one hand, problematic braking systems from Continental for high warranty costs and a delivery stop. On the other hand, the group also had to admit that the hoped -for relaxation in the important Chinese market failed to materialize. The third quarter’s numbers were bad.
In 2024, BMW aimed at the most noticed key figure, the profit margin before interest and taxes in the car business, only a value in the range of 6 to 7 percent. Most recently, the Munich -based company already stated on the preliminary basis of having ended up in the margin in the lower half of the bandwidth. The strategically desired corridor of 8 to 10 percent will be significantly missed in 2024.
Especially in the profitable and once so rapidly growing market China Many corporations currently have problems, including BMW. In addition to the hard competition on the mass market, the crisis in the real estate sector of the People’s Republic slows down the wealthy customers.