BMW car group has found a new CEO. Oliver Zipse, the current chef production, will succeed Harald Krüger next month, who recently announced his departure. Already in May rumors about internal doubts at the German company arose whether Krüger was the right man in the right place.

The 53-year-old Krüger has been at the helm of the company since 2015. When he took office in that year, he was the youngest chief executive of one of the major automakers. Under his leadership, BMW lost more and more ground in the field of luxury cars to competitor Mercedes-Benz of car manufacturer Daimler. The more difficult market conditions have also put pressure on profits.

Successor Zipse is 55 years old and, like Krüger, has been working for BMW for almost three decades. He is known to be a proponent of a production system that can make electric and conventional cars in the same production line, to increase flexibility in the event of uncertain demand. Unlike most top managers at BMW, he has also studied abroad. In the 1980s he attended computer science and mathematics classes at the University of Utah.

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