The automotive industry is going through major transformations. Companies are adapting to new technologies, stricter regulations, and changing consumer demands.
Leadership plays a crucial role in guiding these businesses through uncertain times.
Decisions made at the top can influence everything from product development to long-term strategy.
As the industry moves toward electrification, manufacturers face the challenge of balancing tradition with innovation.
Started in 1991
BMW is preparing for a leadership change as Oliver Zipse is set to step down as chief executive in 2026.
He has spent his entire career with the company, starting as a trainee in 1991.
Over the years, he moved through different roles, gaining experience in various departments. In 2019, he took over as CEO after Harald Krüger chose not to extend his contract.
Reports suggest that BMW has started looking for his successor.
It is not yet confirmed whether Zipse decided to leave on his own or if the company made the decision, according to Boosted.
A source familiar with the situation has stated that his contract will not be extended.
During his time as CEO, BMW has strengthened its position in the electric vehicle market.
The company has seen strong sales growth compared to rivals like Mercedes and Audi. While many manufacturers have set deadlines for phasing out combustion engines, BMW has taken a different approach.
Zipse has consistently defended the idea that both electric and traditional engines can coexist for the time being.
Despite leading one of the most well-known luxury car brands, Zipse's salary is lower than that of many other executives in the industry.
His annual earnings are reported to be around 5.3 million euros before bonuses. In comparison, Porsche CEO Oliver Blume, who also oversees Volkswagen Group, earns significantly more.
