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BMW Appoints Milan Nedeljkovic as Future CEO to Succeed Oliver Zipse
BMW AG has appointed Dr.-Ing. Milan Nedeljković as its new CEO, effective 14 May 2026, succeeding Oliver Zipse, who will retire after the Annual General Meeting. Nedeljković, a member of the Board since 2019 and head of Production, has been with BMW since 1993, holding various senior roles. His contract will run until 2031. The Global Works Council supports this leadership change, anticipating continued collaboration between employees and management. Nedeljković is praised for his strategic vision and resource management skills.
Keshav Rajput
Updated Dec 10, 2025, 11:31 AM IST
BMW Appoints Milan Nedeljkovic as Future CEO to Succeed Oliver Zipse
BMW AG’s Supervisory Board has appointed Dr.-Ing. Milan Nedeljkovic as the company’s next Chief Executive Officer (CEO). He will take charge on 14 May 2026. The decision is part of BMW’s planned leadership transition. Oliver Zipse will step down after the Annual General Meeting on 13 May 2026. His contract was extended in 2023 beyond the usual retirement age.
Milan Nedeljkovic’s Background
Nedeljkovic has been a member of BMW’s Board of Management since 2019 and currently leads the Production division. He joined BMW in 1993 as a trainee and has worked in several senior roles across the company’s global operations.
His previous positions include Managing Director at BMW’s plants in Leipzig and Munich, leadership at Plant Oxford, and Senior Vice President of Corporate Quality. He is 56 years old, and his CEO contract will be valid until 2031.
Oliver Zipse’s Exit After Long Tenure
Oliver Zipse will leave the Board of Management in May 2026, ending a total of 35 years at BMW. He has served as CEO since August 2019 and as a board member for more than a decade.
Works Council Response
Dr. Martin Kimmich, Chairman of the Global Works Council and Deputy Chairman of the Supervisory Board, said the workforce supports the leadership change and expects continuity in cooperation between employees and management.
Dr. Nicolas Peter, Chairman of the Supervisory Board of BMW AG, said, "Milan Nedeljković convinces with his strategic foresight, strong implementation skills, and entrepreneurial thinking. He stands for very focused management of resources—whether financial or ecological. Milan Nedeljkovic inspires people with ideas, unites them behind shared values, and thereby motivates them to realize peak performance. This is a crucial leadership quality to maintain the BMW Group’s successful course in this time of transformation."
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