News
Milan Nedeljković To Replace Oliver Zipse As BMW CEO On 14 May 2026
BMW names Milan Nedeljkovic as CEO to replace Oliver Zipse, who has served as its Chairman since August 2019.
Nedeljković will assume the role of Chairman effective on 14 May 2026, with his contract expected to extend into 2031.
Milan Nedeljkovic
BMW has named Milan Nedeljkovic as its next Chief Executive Officer (CEO) to replace Oliver Zipse, who has served as its Chairman since August 2019 and has been a member of the Board of Management of BMW AG for more than ten years.
56-year-old Nedeljković will assume the role of Chairman effective on 14 May 2026, with his contract as Chairman of the Board of Management expected to extend into 2031.
Serbian-born Nedeljkovic has been a member of the Board of Management of BMW AG since 2019. The CEO designate is currently responsible for the production division.
“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,” said Dr. Nicolas Peter, Chairman of the Supervisory Board of BMW AG.
“Milan Nedeljković 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.”
Zipse, whose contract was extended in 2023 beyond the usual retirement age until 2026, will leave the Board of Management after the Annual General Meeting on 13 May 2026, concluding a total of 35 years with the BMW Group.
“Oliver Zipse has made a significant contribution to the BMW Group and deserves our sincere gratitude. He has led BMW through global crises such as the COVID-19 pandemic and represents the Neue Klasse as the largest strategic project in the company’s history,”” said Peter.
“Oliver Zipse has always prioritized BMW’s success. He consistently took a clear stance—even in the face of great external headwinds—and thus kept the company on track during turbulent times.”
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