BMW’s Supervisory Board has announced that CEO Oliver Zipse’s contract has been extended until 2026. The 59-year-old automotive executive has been on BMW’s Board of Management for eight years and has been Chairman since August 2019.
During his tenure, Zipse has grown BMW’s electric vehicle range significantly, with an EV available in nearly all premium segments. The automaker may have been a trailblazer with the i3, but under Zipse’s leadership, the brand has introduced six electric vehicles, four of which are offered locally.
Norbert Reithofer, Chairman of the Supervisory Board, said Zipse’s contribution to BMW is crucial to the company’s success. “In a phase of global crises and profound transformation, the BMW Group has not only achieved reliably robust results under his leadership but has also sustainably strengthened its leading position in global competition. With the Neue Klasse, the BMW Group is well on track to further expand this position.”
