Munich (dpa -AfX) – BMW has again faced shareholders at a classic general meeting for the first time in five years. Around 3,000 people accepted the invitation to the Munich Olympichalle according to company information – often driven by the desire to hear first -hand how their company wants to come through the global economic upheavals triggered by the US tariffs or want to overcome the weakness in China.
“Man is not digital. We all want to exchange ourselves personally. Look in the eye,” said CEO Oliver Zipse at the beginning – and to justify the attendance event. Also the chairman of the supervisory board Norbert Reithofer emphasized – with the applause of the shareholders that the arguments for a presence event had prevailed, especially in times of major changes.
Reithofer releases posts as Supervisory Council leader
Reithofer himself may have been an argument for the face -to -face event. The chairman of the supervisory board and former CEO said goodbye to the company after 38 years – visibly moved and recognized by CEO ZIPSE, shareholder representatives and major shareholder Stefan Quandt.
The former CFO Nicolas Peter will be the successor. He was elected to the supervisory board with a good 86 percent approval and should be determined by the supervisory board as chairman on Wednesday.
What the next general meeting looks like is open
However, it is open when the next presence general meeting at BMW will be at BMW. The company won the approval for virtual general meetings for the next five years on Wednesday. Shareholder representatives – including Daniela Bergdolt from the German Protection Association for Securities ownership – had criticized that this was too long. But the general meeting accepted the application with almost 93 percent of the vote.
Many other companies have recently only been approved for two years. After all, BMW promises to organize a presence general meeting at least once in the five years. And Bergdolt campaigned for more: “You see how the shareholders like to come,” she said towards the top of the company.
Environmental activists would also like to have further face -to -face events. They used the HV as a stage and, above all, tried to disturb Zipse with interruptions and posters. But they remained more of a marginal note ./ruc/dp/jha
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