BMW names new boss as it looks to speed up electric transition

BMW said Thursday that its production chief Oliver Zipse will replace Harald Krueger as chief executive in August, as the German auto giant looks to accelerate its transition to electric cars. Krueger, who had been criticised for not steering the group quickly enough towards electric technology, said earlier this month that he would not seek another term when his current office runs out next April.

However BMW’s supervisory board said in a statement on Thursday that Zipse will take his place on August 16. Zipse, 55, began as a trainee at BMW in 1991 and has since held various management positions. As current head of the product division he supervised 31 factories worldwide as they were in the process of transitioning to electric car production.