BMW AG brings in younger Board of Management members

The Supervisory Board of BMW AG appointed Ilka Horstmeier and Milan Nedeljkovic, both aged 50, as new members of the Board of Management at a meeting on September 25.

Effective October 1, Nedeljkovic will assume responsibility for the Production Division, taking over from Oliver Zipse, who was appointed Chairman of the Board of Management of BMW AG on August 16. Nedeljkovic has been with the BMW Group since 1993 and heads the Corporate Quality Division. He was previously managing director of BMW Group Plant Munich and BMW Group Plant Leipzig.

Effective November 1 Horstmeier will succeed Milagros Caiña-Andree as head of the Human Resources Division and Labour Relations Director.

Horstmeier has worked for the BMW Group since 1995 and is currently Managing Director of BMW Group Plant Dingolfing. She previously served as head of the Engine, E-Powertrain Production Division.

Caiña-Andree gave notice to the Chairman of the Supervisory Board of BMW AG last week that, for personal reasons, she will not seek a further term of office as Member of the Board of Management. She will leave the Board of Management by mutual agreement with the Supervisory Board on October 31, 2019.

“More than almost any other company, the BMW Group has a large number of outstanding managers who form the cornerstone of the company’s success. I am delighted to see two experienced executives like Ilka Horstmeier and Milan Nedeljkovic appointed to the Board of Management of BMW AG,” said Chairman of the Supervisory Board of BMW AG Norbert Reithofer on Wednesday.

Chairman of the Board of Management of BMW AG Oliver Zipse said, “I look forward to working together with Ilka Horstmeier and Milan Nedeljkovic in the Board of Management. We share the same understanding of management culture, possess a mutual sense of what responsibility means and have a clear focus on the future direction of the company.”

Reithofer added “The Supervisory Board today expressed our sincere gratitude to Milagros Caiña-Andree for her dedicated and successful work. On behalf of the entire company, we all wish her all the best in the future.”

Ilka Horstmeier and Milan Nedeljkovic. PHOTOS: BMW GROUP