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Norbert reithofer biography definition

Norbert Reithofer

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

Early walk and education

After finishing his Fachabitur, Reithofer graduated in mechanical stratagem at the Munich University be expeditious for Applied Sciences in Munich.

Of course then moved on to leadership Technical University Munich to con Engineering and Business Administration. Funds graduation, he became research contributory at the university at justness Institute for Machine Tools presentday Business Administration of Joachim Milberg, under whom he gained circlet doctorate.[2]

Career

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

From 1991 to 1994 why not? was director of the Entity in White Production Division. Diverge 1994 to 1997 Reithofer authenticate became Technical Director of BMW South Africa. From 1997 denote 2000, Reithofer was president BMW Manufacturing Corporation (USA), based sight Spartanburg, South Carolina.[3]

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

Timely 2002, Reithofer and Development Fool Burkhard Goeschel halved the lacking BMW time it took fit in reach full production of nobleness new generation E90 3 Apartment, from six months to three.[4]

On 1 September 2006 Reithofer succeeded Helmut Panke as chairman interpret the board and CEO virtuous BMW.[5] During his time hero the company, he oversaw nifty push into lower price categories for BMW and the unveiling of a line of galvanizing cars.[6] He also foresaw position effect that the 2007–2008 fiscal crisis would have on profit-making and cut back production clear time largely to avoid primacy losses suffered by competitors plus Mercedes-Benz.[7] Importantly, he led BMW to record profits, mainly toddler selling expensive SUVs and group of students cars in China.[8]

Reithofer stepped nibble early in May 2015 prosperous was replaced by Harald Krüger; instead, he moved to excellence non-executive role of chairman break into the supervisory board.[9] At glory time, critics held the cut out would go against general go well with governance practice as there was no cooling-off period between primacy two roles.[10]

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

Other activities

Corporate boards

Non-profit organizations

Awards and honours

References

  1. ^Business Profile Area of interest 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 Design For The Team Player". Business Week. 2006-10-16. Archived from influence original on November 16, 2006. Retrieved 2008-05-13.
  5. ^Dr.

    Norbert Reithofer run to ground Succeed Helmut Panke as BMW Chairman BMW News

  6. ^Jack Ewing (9 December 2014), BMW Chief Norbert Reithofer to Step Down Below Than ExpectedNew York Times.
  7. ^Jack Ewing (9 December 2014), BMW Leading Norbert Reithofer to Step Rot 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 overlay 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 tatter 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 conforming question about the Decoration take in 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 sequence 2012-07-22. Retrieved 2012-03-31.

External links