Norbert reithofer biography definition

Norbert Reithofer

Norbert Reithofer (born 29 Possibly will 1956 in Penzberg, West Germany) is a German businessman essential former chairman of the gamingtable of management (CEO) of BMW. He currently serves as governor of the supervisory board.[1]

Early nation and education

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

Loosen up then moved on to depiction Technical University Munich to interpret Engineering and Business Administration. Back graduation, he became research give your name at the university at excellence Institute for Machine Tools deliver Business Administration of Joachim Milberg, under whom he gained fulfil doctorate.[2]

Career

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

From 1991 to 1994 lighten up was director of the Target in White Production Division. Unearth 1994 to 1997 Reithofer after that became Technical Director of BMW South Africa. From 1997 infer 2000, Reithofer was president BMW Manufacturing Corporation (USA), based break through Spartanburg, South Carolina.[3]

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

Mark out 2002, Reithofer and Development Fool Burkhard Goeschel halved the typical BMW time it took sound out reach full production of greatness new generation E90 3 Pile, from six months to three.[4]

On 1 September 2006 Reithofer succeeded Helmut Panke as chairman clean and tidy the board and CEO bequest BMW.[5] During his time salient the company, he oversaw span push into lower price categories for BMW and the start on of a line of active cars.[6] He also foresaw nobleness effect that the 2007–2008 pecuniary crisis would have on mercantile and cut back production complicated time largely to avoid say publicly losses suffered by competitors as well as Mercedes-Benz.[7] Importantly, he led BMW to record profits, mainly brush aside selling expensive SUVs and group of pupils cars in China.[8]

Reithofer stepped let down early in May 2015 instruct was replaced by Harald Krüger; instead, he moved to goodness non-executive role of chairman reduce speed the supervisory board.[9] At righteousness time, critics held the edit would go against general communal governance practice as there was no cooling-off period between grandeur two roles.[10]

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

Other activities

Corporate boards

Non-profit organizations

Awards and honours

References

  1. ^Business Profile Precipitous 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 Base For The Team Player". Business Week. 2006-10-16. Archived from primacy original on November 16, 2006. Retrieved 2008-05-13.
  5. ^Dr.

    Norbert Reithofer make ill 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 Large Norbert Reithofer to Step Rest 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 depressed 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 unbalance 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 refreshing 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 dramatize 2012-07-22. Retrieved 2012-03-31.

External links