BMW Group has extended the contract of CEO Oliver Zipse until 2026, and has named Jochen Goller, currently head of China, to the Board of Management, responsible for customer, brands and sales, replacing Pieter Nota.
Zipse, 59, has been chairman of the Supervisory Board and CEO since August 2019. Significant achievements under his watch include the introduction of a range of electric vehicles, including the iX and i4; taking the premium sales crown from Mercedes-Benz in 2021; and development of the Neue Klasse EV platform, which will start production in 2025.
His contract would normally have ended at age 60, in 2024, but the board has suspended that requirement and extended his contract by two years, Automobile News Europe sister publication Automobilwoche said.
Zipse, a native of Heidelberg, Germany, has a degree in mechanical engineering from Technical University of Darmstadt. He joined BMW in 1991 as a trainee, then held management positions in engineering and production, in Munich, South Africa and the U.K.
In 2012 he was named senior vice president, corporate planning and product strategy, and in 2015 became a member of the Board of Management for production.