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BMW CEO to step down after disappointing business results

Krueger's contract was due to expire in April 2020

05 luglio, 14:02
(ANSA-AP) - FRANKFURT, 05 JUL - BMW says CEO Harald Krueger is stepping down and that the company's board will meet later this month to discuss a successor. Friday's 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. A company news release quoted Krueger as saying he would like to pursue "new professional endeavors." Krueger's contract was due to expire in 2020. (ANSA-AP).

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