BMW Names Milan Nedeljković As New Chairman

BMW Group has named Milan Nedeljković as Chairman of the Board of Management, effective 14 May, after Oliver Zipse completed his planned exit from the role. The change was announced at BMW AG’s 106th Annual General Meeting in Munich. Oliver Zipse leaves the Board after 35 years with BMW Group and seven years as chairman. BMW said the Supervisory Board thanked him for his work and said he helped guide the company through the COVID-19 pandemic.

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BMW said Nedeljković has been with the company since 1993, when he joined as a trainee. He has been on the Board of Management since 2019 and has been responsible for production. 
In the statement, BMW said Nedeljković held posts at the Oxford, Leipzig and Munich plants and also served as head of corporate quality. His contract as chairman runs through 2031. 
BMW supervisory board chairman Nicolas Peter said Zipse shaped the development of the BMW Group and was linked with the Neue Klasse project. Peter also said Nedeljković brings a goal-oriented approach and focus on resource use.

BMW also said Dr Raymond Wittmann will take over as Board Member for Production from 14 May. Wittmann has been with BMW Group since 2015 and has led Corporate Strategy and Development since 2024.

The company said the annual meeting will also consider the re-election of Dr Christian Bruch to the Supervisory Board for four years. The term of former ThyssenKrupp executive Heinrich Hiesinger ends with the close of the meeting.  BMW said a separate meeting of preferred shareholders will also be held to decide on the conversion of all preferred shares into ordinary shares.

BMW Group reported 2025 sales of 2.46 million passenger vehicles and more than 202,500 motorcycles. It also reported profit before tax of €10.2 billion on revenue of €133.5 billion and a workforce of 154,540 employees as of 31 December 2025.