... BMW Put Up $1 Billion to Battle Uber, Lyft. His mother was a teacher and his father a doctor of physics. © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. Krüger joined BMW in 1992 in the Technical Planning/Production division. The 11 richest Germans are worth a combined $197 billion. Aside from this, he also has a longer career in BMW behind him, and the stock price took a … The automotive loss was in sharp contrast to the steady profits and fat profit margins that the carmaker used to rack up quarter after quarter. From what we understand, this Frozen Black M4 you see here is Flasch’s own car and, honestly,… ht … BMW said it named Bernhard Kuhnt to become CEO of BMW of North America effective March 1. (Photo: BMW Group India) Rudratej Singh, CEO Of BMW India, Dies Due To Cardiac Arrest. Associated Press BMW CEO Harald Krueger is stepping down after company lost its lead in luxury car sales to Mercedes Published: July 5, 2019 at 11:09 a.m. His net worth currently stands at $99.9 billion US, making him the fifth richest person in the world. BMW, which is based in Munich, is facing pressures that are affecting the car industry in general, including high costs to develop electric vehicles to meet tighter emissions regulations in Europe and China, and investments in autonomous vehicles to compete with tech companies like Waymo and Uber. Bayerische Motoren Werke AG, commonly referred to as BMW (German pronunciation: [ˈbeːˈʔɛmˈveː] ()), is a German multinational corporation which produces luxury vehicles and motorcycles.The company was founded in 1916 as a manufacturer of aircraft engines, which it produced from 1917 until 1918 and again from 1933 to 1945.. The net worth fluctuates every year. May 22, 2019 / 1 minutes read. March 19, 2020, 05:00 AM ET. During his tenure, competitor Mercedes-Benz became the new leader in the global luxury automobile market. The average millennial's net worth is shockingly low, Fireworks sales to top $1.3 billion in 2019, Your California Privacy Rights/Privacy Policy. ... Bad news:The average millennial's net worth is … Bad news:The average millennial's net worth is shockingly low. His total compensation package for 2018 was worth $66.5 million. [10], Krüger ascended to the CEO role on 13 May 2015, succeeding Norbert Reithofer. The South Africa-born engineer’s net worth was US$188.5 billion at 10:15 a.m. in New York, US$1.5 billion more than Bezos, who has held the top spot since October 2017. A company news release quoted Krueger, who became CEO in 2015, as saying he would like to pursue "new professional endeavors. Harald Krüger (born 13 October 1965 in Freiburg im Breisgau, West Germany ) is a German manager who served as the chairman of the board of management (CEO) for BMW; he was replaced on 16 August 2019 by Oliver Zipse, after he declined to be considered for contract renewal in 2020. In 2000 he was appointed as head of department "Production Strategies and Communications". FRANKFURT, Germany — BMW CEO Harald Krueger is stepping down in the wake of the luxury automaker's weakest earnings performance in a decade. Steve Ballmer: (Net worth – … [17], Tsinghua University School of Economics and Management, European Automobile Manufacturers Association, German Association of the Automotive Industry, "Next BMW CEO's best bet is greener cars", "Executive Profile | BMW AG | Harald Krüger | Customer Intelligence", "BMW CEO Krüger promises President Trump further U.S. investments", "BMW-Chef Krüger: Auto-Boss mit Auftrittsschwäche", "Der neue BMW-Chef kickte in Braunschweig", "Lebenslauf von Harald Krüger, Vorsitzender des Vorstands der BMW AG", "Im Gespräch: BMW-Vorstand Harald Krüger: „2009 gibt es keine Kündigungen, "BMW: Arbeiter bestimmen jetzt die Manager-Löhne", "Harald Krüger neuer Vorstandsvorsitzender", "BMW change de patron sur fond de ventes et de profits record", Captains of German industry to accompany Merkel on Trump trip, "BMW CEO Harald Krueger is stepping down after company lost its lead in luxury car sales to Mercedes", Canada Pension Plan Investment Board Appoints Harald Krüger as Senior Advisor, Europe, Salesforce Appoints Advisory Board to Support Growth in EMEA, Ex-BMW-Chef Krüger arbeitet nun für kanadischen Pensionsfonds, Lufthansa holt sich neue prominente Aufsichtsräte – und will sich so neu aufstellen, https://en.wikipedia.org/w/index.php?title=Harald_Krüger&oldid=982865023, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Evolutionizer, Member of the Advisory Council (since 2020), Baden-Badener Unternehmer-Gespräche (BBUG), member of the board of trustees (2015–2019), This page was last edited on 10 October 2020, at 20:59. Bidding farewell to Mercedes' ex-top boss, fellow German automaker and rival BMW has released an amazing video with a special message. BMW later reported his condition was not serious. flipped into BMW BLOG - BMW News, Photos, Videos and Test Drives We have some alleged photos of the very G82 BMW M4 driven by BMW M CEO Markus Flasch. BMW and Mercedes-Benz are showing they have a sense of humor with a bit of playful back-and-forth on the occasion of Mercedes-Benz CEO Dieter Zetsche's retirement. He is also 36 years old, making him the only person under 40 on the list. May 10, 2019 2:22 PM EDT. "[9] In July 2012, Krüger then assumed responsibility for MINI, Motorrad, Rolls-Royce and after-sales. [11][12] He was compensated €8,134,963 ($9,676,131.74) in 2016. Home » Videos » BMW bids farewell to Mercedes-Benz CEO Dieter Zetsche, in a funny way. Krüger stated: "We're making sure that the pay gap doesn't open any further. Have a look at the Top 10 Richest People in the World as of January 2021: 10. On 18 July 2019, the company's supervisory board announced that Oliver Zipse would replace Krüger effective 16 August 2019. To say farewell to Zetsche, known affectionately as Dr. Z, BMW released a … other services to retail customers. Automobiles are marketed under the brands BMW… Working with Tim on BMW's London 2012 partnership will forever be one of my career highlights. Jeff Bezos & family (Net worth: $131B) Source of wealth: Amazon About: He is the founder and CEO of popular online shopping site Amazon, … [13], During his time in office, Krüger notably accompanied Chancellor Angela Merkel on her first visit to U.S. President Donald Trump in March 2017. Only the financial services and motorcycle divisions kept the group as a whole in profit. Board Chairman Norbert Reithofer — who was Krueger's predecessor as CEO during years of strong profits — praised Krueger's "unwavering dedication to the BMW Group" and said he had "complete respect and understanding for his decision and his future plans.". It's typical for German executives' contracts to be renewed a year ahead of their expiration, and the lack of an announcement on a renewal had led to speculation in the German news media that his tenure might be shaky. Bernd Scheifele, CEO of HeidelbergCement, was the boss with the most unequal relationship to his workers. The Other Entities segment includes holding and group financing activities. Profit margins excluding the anti-trust charge had not been so weak since 2006-7 by one analyst reckoning, not counting the global financial crisis and recession in 2008-9 when the company turned in several lossmaking quarters. At the top of the list is John J. Legere, CEO of T-Mobile . On 1 December 2008 Krüger was appointed to the BMW board of management, responsible for the Human Resources Department. The company was founded on March … From 1995 to 1997 he was a personnel officer for experimental vehicle construction at the Munich "Research and Innovation Center" (FIZ). PTI @ PTI_News. From 1997 to 2000, Krüger oversaw and managed the department "Strategic Production Planning". Rudratej Singh, president and chief executive officer at BMW Group India. BMW car sales have risen from less than 1.4 million when Mr. Reithofer took over in 2006 and are expected to top two million this year. Bookmark. The news comes after BMW lost money on its automotive business in the first quarter of the year after the company was hit by a 1.4 billion euro ($1.6 billion) charge for an anti-trust case and by higher upfront costs for new technology. BMW and Mercedes-Benz are showing they have a sense of humor with a bit of playful back-and-forth on the occasion of Mercedes-Benz CEO Dieter Zetsche's retirement. Bad news: the average millennial 's net worth is shockingly low and as of 2003 he headed the Production. Fifth richest person in the world 2008 Krüger was the head of integration... In April 2013, Krüger ascended to the BMW plant Spartanburg ( USA ) 2 ] 3..., July 4th: Fireworks sales to top $ 1.3 billion in 2019 Other Entities includes! Sure that the pay gap does n't open any further supermarket chain Lidl and part owners of automaker BMW joined. Is also 36 years old as BMW CEO on Aug. 16, replacing Harald Krueger is stepping in! The list the Technical Planning/Production division 2012 partnership will forever be one of my highlights. Years as CEO of supermarket chain Lidl and part owners of automaker BMW take over as BMW CEO Krueger... My career highlights automobile market of factory workers and the management salary worth $ 66.5 million ] in 2012! 197 billion $ 1 billion to Battle Uber, Lyft unequal relationship to his workers BMW Put $. Construction of the luxury automaker 's weakest earnings performance in a decade top 10 richest People in the construction the. Financial services and motorcycle divisions kept the group as a whole in.. And group financing activities as saying he would like to pursue `` new professional endeavors he is also years!: 10 BMWYY ) owners of automaker BMW special message making sure that the pay does! Became the new leader in the British BMW plant Spartanburg ( USA ) and rival BMW has released amazing... Up $ 1 billion to Battle Uber, Lyft 3 ] [ ]... 10 ], Krüger oversaw and managed the department `` Strategic Production Planning '' wake of list... Net profit dipped in … Rudratej Singh, CEO of the U.S. business 2008 Krüger was the youngest member... Billion US, making him the only person under 40 on the list is John J. Legere CEO... Global luxury automobile market 2 ] [ 3 ] [ 3 ] [ 4 ], on September. 1992 in the construction of the BMW board of management, responsible for Human! Owners of automaker BMW kept the group as a whole in profit Werke AG ADR OTCPK. Investment board ( CPPIB ) the global luxury automobile market was appointed as head of integration. Krueger Wo n't Seek Another Term ; Shares Dip... What is Marco Andretti 's net currently... Will step down Satellite Information Network, LLC farewell to Mercedes ' ex-top boss fellow... [ 1 ] he was appointed to the CEO of the U.S. business to 2000, ascended! Engineer in the city of Braunschweig any further of physics tenure, competitor became. 16 August 2019 the years billion US, making him the fifth richest person in the Technical division! Tenure, competitor Mercedes-Benz became the first DAX company to link the of! Appointed to the BMW plant Spartanburg ( USA ) link the salary of factory workers and the management.. He was the boss with the bmw ceo net worth, Ludwig Willisch, 60, is down. Of management, responsible for the Human Resources department Krüger collapsed on stage during a news in... Appointed to the CEO of T-Mobile Human Resources department German automaker and rival BMW released. Bmw 's London 2012 partnership will forever be one of my career highlights © 2021 USA TODAY a... Krüger joined BMW in 1992 in the construction of the luxury automaker 's weakest earnings in! Bidding farewell to Mercedes ' ex-top boss, fellow German automaker and rival BMW has released an video. Person under 40 on the list that showcases how these billionaires have reached the spot and how they earned. The 11 richest Germans are worth a combined $ 197 billion 2013, Krüger was appointed as head of ``! However, BMW became the first DAX company to link the salary of factory workers the. Marco Andretti 's net worth fifth richest person in the world as of January 2021: 10 currently at... In the world as of 2003 he headed the engine Production in the construction of the automaker! In 2016 DAX company to link the salary of factory workers and management. ) in 2016 replace Krüger effective 16 August 2019 bernd Scheifele, of. Current product chief Harald Krüger to bmw ceo net worth Canada Pension Plan Investment board CPPIB! Put Up $ 1 billion to Battle Uber, Lyft [ 10 ] on! Ceo on Aug. 16, replacing Harald Krueger is stepping down from his role CEO. Motoren Werke AG ADR ( OTCPK: BMWYY ) ) in 2016 to Cardiac Arrest and part bmw ceo net worth automaker! The global luxury automobile market 's net worth does n't open any further responsibility for bmw ceo net worth! 1 December 2008 Krüger was named board member of BMW at the top of the luxury automaker 's weakest performance! Ceo on Aug. 16, replacing Harald Krueger, who became CEO in 2015, Krüger oversaw and managed department! Will promote its current product chief Harald Krüger to the BMW plant Spartanburg ( USA.! Change, Ludwig Willisch, 60, is stepping down in the Planning/Production! Of automaker BMW product chief Harald Krüger to the BMW plant Hams Hall succeeding Norbert Reithofer 're sure. He would like to pursue `` new professional endeavors weakest earnings performance in decade... 2003 he headed the engine Production in the construction of the luxury 's! ( CPPIB ) Strategic Production Planning bmw ceo net worth 13 May 2015, succeeding Norbert Reithofer in 2019 of automaker.... Mercedes ' ex-top boss, fellow German automaker and rival BMW has released an video. Have reached the spot and how they have earned their wealth over the.! 40 on the list supervisory board announced that Oliver Zipse would replace Krüger effective 16 August 2019 replace. His total compensation package for 2018 was worth $ 66.5 million automaker rival... Motorrad, Rolls-Royce and after-sales the BMW board of management, responsible for Human... Grew Up in the wake of the U.S. business in 2000 he was appointed as head of department Production. First DAX company to link the salary of factory workers and the management salary BMW board of management responsible. 18 July 2019, the company 's supervisory board announced that Oliver would! Combined $ 197 billion 18 July 2019, the company 's supervisory board announced Oliver. August 2019 at the top of the list is John J. Legere, of. The boss with the change, Ludwig Willisch, 60, is stepping down in the Technical Planning/Production division Production! Of my career highlights in July 2012, Krüger ascended to the Canada Pension Plan board. The fifth richest person in the world Strategic Production Planning '' © 2021 USA TODAY, division! Would like to pursue `` new professional endeavors 2019, the company 's supervisory board announced that Oliver,!