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Former CFO Peter to lead BMW supervisory board, Handelsblatt reports

Published 12/04/2024, 01:13 AM
Updated 12/04/2024, 03:45 AM
© Reuters. FILE PHOTO: Nicolas Peter, CFO of German luxury carmaker BMW, addresses the company's annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder/File Photo
BMWG
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BERLIN (Reuters) -BMW's former finance chief Nicolas Peter has been tapped to lead the German auto group's supervisory board, succeeding Norbert Reithofer, the Handelsblatt newspaper reported on Wednesday, citing company sources.

© Reuters. FILE PHOTO: Nicolas Peter, CFO of German luxury carmaker BMW, addresses the company's annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder/File Photo

Peter is to replace Reithofer at the annual general meeting in May, with the supervisory board expected to recommend the change at a meeting next week, according to the report, which said major shareholder Stefan Quandt and employee representatives had already agreed on the matter.

A spokesperson for BMW (ETR:BMWG) said the company does not comment on media rumours regarding matters of personnel.

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