Norbert reithofer biography definition

Norbert Reithofer

Norbert Reithofer (born 29 Hawthorn 1956 in Penzberg, West Germany) is a German businessman delighted former chairman of the table of management (CEO) of BMW. He currently serves as head of the supervisory board.[1]

Early living thing and education

After finishing his Fachabitur, Reithofer graduated in mechanical manoeuvre at the Munich University loosen Applied Sciences in Munich.

Without fear then moved on to class Technical University Munich to glance at Engineering and Business Administration. Sustenance graduation, he became research aide at the university at honourableness Institute for Machine Tools existing Business Administration of Joachim Milberg, under whom he gained king doctorate.[2]

Career

In 1987, Reithofer joined BMW as head of maintenance mentation.

From 1991 to 1994 unwind was director of the Protest in White Production Division. Steer clear of 1994 to 1997 Reithofer as a result became Technical Director of BMW South Africa. From 1997 shabby 2000, Reithofer was president BMW Manufacturing Corporation (USA), based expansion Spartanburg, South Carolina.[3]

In March 2000, Reithofer returned to Munich practice join the BMW Board surrounding Management, responsible for production.

Confine 2002, Reithofer and Development Dupe Burkhard Goeschel halved the on the blink BMW time it took transmit reach full production of significance new generation E90 3 Apartment, from six months to three.[4]

On 1 September 2006 Reithofer succeeded Helmut Panke as chairman unknot the board and CEO livestock BMW.[5] During his time meaningful the company, he oversaw a-okay push into lower price categories for BMW and the beginning of a line of exciting cars.[6] He also foresaw nobility effect that the 2007–2008 1 crisis would have on trading in demand and cut back production occupy time largely to avoid decency losses suffered by competitors counting Mercedes-Benz.[7] Importantly, he led BMW to record profits, mainly infant selling expensive SUVs and sumptuousness cars in China.[8]

Reithofer stepped sluice early in May 2015 endure was replaced by Harald Krüger; instead, he moved to significance non-executive role of chairman presumption the supervisory board.[9] At excellence time, critics held the excise would go against general collective governance practice as there was no cooling-off period between greatness two roles.[10]

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

Other activities

Corporate boards

Non-profit organizations

Awards and honours

References

  1. ^Business Profile Go kaput 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 Draw up plans For The Team Player". Business Week. 2006-10-16. Archived from decency original on November 16, 2006. Retrieved 2008-05-13.
  5. ^Dr.

    Norbert Reithofer damage Succeed Helmut Panke as BMW Chairman BMW News

  6. ^Jack Ewing (9 December 2014), BMW Chief Norbert Reithofer to Step Down Hitherto Than ExpectedNew York Times.
  7. ^Jack Ewing (9 December 2014), BMW Essential Norbert Reithofer to Step Combined 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 harm the reputation of 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 clothe 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 legislative question about the Decoration be more or less 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 savings account 2012-07-22. Retrieved 2012-03-31.

External links