The management change comes as BMW grapples with a slowing global economy, flattening demand in its core markets and a volatile trade environment
BERLIN—The chief executive of BMW AG, Harald Krüger, plans to step down in the coming months, handing off to a yet-be-named successor as the German auto maker deals with shrinking profits and the expensive race to develop electric cars.
The Munich-based company said Friday that its supervisory board intends to announce a new chief executive following a July 18 meeting, a spokesman said, adding that the new CEO should be in place before Mr. Krüger’s contract ends in April 2020.
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