BMW tackles changes with younger CEO

FRANKFURT: BMW chose production head Harald Krueger to take over as chief executive officer next year as the worlds biggest maker of luxury cars opts for youth amid far-reaching changes in the car industry. Krueger, 49, will become the youngest CEO of a major carmaker when he succeeds Norbert Reithofer after BMWs annual meeting in May. He will be directing BMWs response to challenges by Volkswagen AGs Audi and Daimler AGs Mercedes-Benz for the top spot in luxury-car sales as well as broader industry changes such as self-driving cars. Bloomberg

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