BMW AG has officially appointed Dr. Nicolas Peter as Chairman of its Supervisory Board, following a vote held after the company’s Annual General Meeting. Backed by 86.21% of shareholder votes, Dr. Peter joins the board for a four-year term.
Dr. Peter brings a wealth of experience to the role, having previously served as BMW’s Chief Financial Officer from 2017 to 2023. His long-standing career at the BMW Group includes several senior management positions across various divisions, making him a seasoned insider with deep industry knowledge.
He had stepped away from any official role at BMW AG since May 2023, successfully fulfilling the two-year cooling-off period as outlined by the German Corporate Governance Code.
Also read: End of an Era: BMW’s Dr. Norbert Reithofer Bids Farewell After 38 Years
In addition to Dr. Peter’s appointment, shareholders re-elected Dr. Marc Bitzer, Rachel Empey, Anke Schäferkordt, and Prof. Dr. Christoph Schmidt to the Supervisory Board, each for another four-year term, ensuring continuity and strategic guidance for BMW's future.
