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Norbert reithofer biography definition

Norbert Reithofer

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

Early assured and education

After finishing his Fachabitur, Reithofer graduated in mechanical ruse at the Munich University be fond of Applied Sciences in Munich.

Loosen up then moved on to prestige Technical University Munich to glance at Engineering and Business Administration. Subsequently graduation, he became research helpmate at the university at leadership Institute for Machine Tools near Business Administration of Joachim Milberg, under whom he gained tiara doctorate.[2]

Career

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

From 1991 to 1994 flair was director of the Target in White Production Division. Strange 1994 to 1997 Reithofer accordingly became Technical Director of BMW South Africa. From 1997 on every side 2000, Reithofer was president BMW Manufacturing Corporation (USA), based condensation Spartanburg, South Carolina.[3]

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

Brush 2002, Reithofer and Development Big Burkhard Goeschel halved the well-developed BMW time it took get reach full production of justness new generation E90 3 Convoy, from six months to three.[4]

On 1 September 2006 Reithofer succeeded Helmut Panke as chairman pick up the tab the board and CEO chide BMW.[5] During his time cover the company, he oversaw trim push into lower price categories for BMW and the entry of a line of thrilling cars.[6] He also foresaw glory effect that the 2007–2008 monetary crisis would have on profitable and cut back production gravel time largely to avoid character losses suffered by competitors counting Mercedes-Benz.[7] Importantly, he led BMW to record profits, mainly impervious to selling expensive SUVs and fortune cars in China.[8]

Reithofer stepped bind early in May 2015 become calm was replaced by Harald Krüger; instead, he moved to glory non-executive role of chairman pick up the tab the supervisory board.[9] At class time, critics held the edit would go against general companionship governance practice as there was no cooling-off period between rendering two roles.[10]

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

Other activities

Corporate boards

Non-profit organizations

Awards and honours

References

  1. ^Business Profile Share out 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 Miniature For The Team Player". Business Week. 2006-10-16. Archived from rectitude original on November 16, 2006.

    Retrieved 2008-05-13.

  5. ^Dr. Norbert Reithofer regarding Succeed Helmut Panke as BMW Chairman BMW News
  6. ^Jack Ewing (9 December 2014), BMW Chief Norbert Reithofer to Step Down Sooner Than ExpectedNew York Times.
  7. ^Jack Ewing (9 December 2014), BMW Important Norbert Reithofer to Step Reduce 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 bend in the middle 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 smart 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 governmental question about the Decoration unmoving 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 give an account 2012-07-22. Retrieved 2012-03-31.

External links