A fresh report out of Europe suggests BMW Group CEO Harald Krüger's job is “hanging in the balance”.
According to Automotive News Europe, some members of the German firm’s supervisory board have questioned whether the 53-year-old – who stepped into the role in 2015 – is still the right person for the job.
The board is reportedly set to discuss Krüger’s chances of securing a second term “in the coming weeks”, sources told the publication. Officially, Krüger’s current tenure ends in May 2020.
As Automotive News Europe points out, the BMW brand has failed to regain the title of the world’s best-selling premium automaker over the past few years, with the Mercedes-Benz brand again sitting atop the table in 2018.
If Krüger does indeed miss out on a second term, the report claims his successor will be hired from within the BMW Group, with production chief Oliver Zipse apparently in the running for the top job.
Jürgen Pieper, analyst from Metzler Bank, told the publication "there are doubts about Krüger’s perspectives as CEO of BMW – internally and externally”, adding the results of the past four years “are mixed”, profitability is “turning down quite substantially" and “there are no clear strategic signals”.
Original article from Car