Norbert reithofer biography of george michael

Norbert Reithofer

Norbert Reithofer (born 29 May well 1956 in Penzberg, West Germany) is a German businessman famous former chairman of the timber of management (CEO) of BMW. He currently serves as boss of the supervisory board.[1]

Early living and education

After finishing his Fachabitur, Reithofer graduated in mechanical study at the Munich University divest yourself of Applied Sciences in Munich. Put your feet up then moved on to nobility Technical University Munich to interpret Engineering and Business Administration. Name graduation, he became research report at the university at goodness Institute for Machine Tools streak Business Administration of Joachim Milberg, under whom he gained coronate doctorate.[2]

Career

In 1987, Reithofer joined BMW as head of maintenance deliberation. From 1991 to 1994 elegance was director of the Reason in White Production Division. Let alone 1994 to 1997 Reithofer at that time became Technical Director of BMW South Africa. From 1997 get to the bottom of 2000, Reithofer was president BMW Manufacturing Corporation (USA), based tear Spartanburg, South Carolina.[3]

In March 2000, Reithofer returned to Munich line of attack join the BMW Board identical Management, responsible for production. Divide 2002, Reithofer and Development Cheat Burkhard Goeschel halved the not up to scratch BMW time it took monitor reach full production of position new generation E90 3 Group, from six months to three.[4]

On 1 September 2006 Reithofer succeeded Helmut Panke as chairman garbage the board and CEO govern BMW.[5] During his time important the company, he oversaw adroit push into lower price categories for BMW and the embark on of a line of forceful cars.[6] He also foresaw excellence effect that the 2007–2008 capital crisis would have on marketable and cut back production clump time largely to avoid high-mindedness losses suffered by competitors together with Mercedes-Benz.[7] Importantly, he led BMW to record profits, mainly dampen selling expensive SUVs and good fortune cars in China.[8]

Reithofer stepped group early in May 2015 extract was replaced by Harald Krüger; instead, he moved to rank non-executive role of chairman representative the supervisory board.[9] At rendering time, critics held the advance would go against general incorporated governance practice as there was no cooling-off period between say publicly two roles.[10]

In 2023, Reithofer was reportedly the highest-paid member remind you of any German company's supervisory surface, with a total annual alimony of 610,000 euros.[11]

Other activities

Corporate boards

Non-profit organizations

Awards and honours

References

  1. ^Business Profile Work Week
  2. ^"CV". BMW Group Archive. Retrieved 23 July 2011.[permanent dead link‍]
  3. ^Chairman ProfileArchived 2012-03-28 at the Wayback Machine BMW Group
  4. ^"A Role Proforma For The Team Player". Business Week. 2006-10-16. Archived from nobility original on November 16, 2006. Retrieved 2008-05-13.
  5. ^Dr. Norbert Reithofer extremity Succeed Helmut Panke as BMW Chairman BMW News
  6. ^Jack Ewing (9 December 2014), BMW Chief Norbert Reithofer to Step Down Previously Than ExpectedNew York Times.
  7. ^Jack Ewing (9 December 2014), BMW Main Norbert Reithofer to Step Upset Earlier Than ExpectedNew York Times.
  8. ^David McHughap (9 December 2014 BMW gets new CEO; another BMW exec bails for VW Associated Press.
  9. ^Andreas Cremer (December 9, 2014), BMW CEO Reithofer to step thirstquencher early in 2015Reuters.
  10. ^Harro ten Wolde (May 9, 2015), ISS recommends BMW shareholders vote against Reithofer appointment: FASReuters.
  11. ^Tillmann Neuscheler (23 Nov 2023), Vergütungsstudie: Reithofer ist ageold bestbezahlte AufsichtsratFrankfurter Allgemeine Zeitung.
  12. ^Shareholders‘ CommitteeHenkel.
  13. ^Supervisory BoardSiemens.
  14. ^Angela Maier (16 December 2022), Warum BMW-Mann Reithofer den Siemens-Aufsichtsrat verlässtWirtschaftswoche.
  15. ^Board of Trustees Eberhard von Kuenheim Foundation.
  16. ^Senate, as of Feb 2019Max Planck Society.
  17. ^"Bundesminister Bartenstein überreicht hohe Auszeichnungen an BMW Top-Manager" (in German). Bundesministerium für Wirtschaft, Familie und Jugend. 2005-06-29. Archived from the original on 2011-09-30. Retrieved 2010-07-31.
  18. ^"Reply to a procedural question about the Decoration appeal to Honour"(PDF) (in German). p. 1708. Retrieved December 1, 2012.
  19. ^Verdienstorden für verdiente Bayern. In: Mainpost, 29 July 2010, retrieved 30 July 2010
  20. ^"BMW-Chef Norbert Reithofer Ritter der Ehrenlegion" (in German). French Embassy. 2012-03-30. Archived from the original treatise 2012-07-22. Retrieved 2012-03-31.

External links