BERLIN, Dec 9 (Reuters) – BWM’s supervisory board on Tuesday appointed Milan Nedeljkovic as the German carmaker’s new CEO with effect from May 14, 2026 as the carmaker launches a new generation of models in a tough market environment.
Nedeljkovic, aged 56 and currently the head of production, has worked for the group since 1993, it said in a statement.
The Serbian-born leader who studied in Germany and Cambridge, Massachusetts, joined the group as a trainee and worked his way through several BMW locations in Germany before joining the management board in 2019.
The current CEO, Oliver Zipse, will resign, by mutual agreement with the supervisory board, at the end of May 13, 2026 – the day planned for the 2026 annual general meeting.
Zipse, 61, whose mandate had been extended until 2026, will hand over the reins of a carmaker struggling to find its footing amid stiff competition from China and high U.S. tariffs.
Those challenges saw the luxury automaker cut its 2025 earnings forecast in October and is banking on the first model from the all-electric “Neue Klasse” series to drive growth in 2026.
(Writing by Miranda MurrayEditing by Ludwig Burger)
