BERLIN (Reuters) -BMW’s former finance chief Nicolas Peter has been tapped to lead the German auto group’s supervisory board, succeeding Norbert Reithofer, the Handelsblatt newspaper reported on Wednesday, citing company sources. Peter is to replace Reithofer at the annual general meeting in May, with the supervisory board expected to recommend the change at a meeting […]
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Former CFO Peter to lead BMW supervisory board, Handelsblatt reports
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BERLIN (Reuters) -BMW’s former finance chief Nicolas Peter has been tapped to lead the German auto group’s supervisory board, succeeding Norbert Reithofer, the Handelsblatt newspaper reported on Wednesday, citing company sources.
Peter is to replace Reithofer at the annual general meeting in May, with the supervisory board expected to recommend the change at a meeting next week, according to the report, which said major shareholder Stefan Quandt and employee representatives had already agreed on the matter.
A spokesperson for BMW said the company does not comment on media rumours regarding matters of personnel.
(Writing by Rachel More; Editing by Himani Sarkar, Editing by Madeline Chambers)