BMW AG announces change to its Board of Management

BMW AG has announced that Dr Milan Nedeljkovic will assume the role of Chairman of the Board of Management (BoM) effective on 14 May 2026. He will succeed Oliver Zipse, who has been a member of the BoM for over a decade and has served as its Chairman since August 2019.

Subsequently, Zipse will leave the BoM as planned after the Annual General Meeting on 13 May 2026, concluding a total of 35 years with the BMW Group.

Meanwhile, Nedeljkovic has been a member of the BoM of BMW AG since 2019 and is currently responsible for the Production division. He 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 Nedeljkovic 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."