Bernd Pischetsrieder
Bernd Peter Pischetsrieder (* February 15, 1948 in Munich) is a German manager. He worked from 1993 to 1999 at BMW from 2002 to 2006 by Volkswagen AG in Wolfsburg as CEO.
Life
Pischetsrieder studied from 1968 to 1972 mechanical engineering at the Technical University of Munich in 1973 and entered his first job as a production engineer at BMW on. His career at BMW led him in 1982 as head of production for BMW South Africa to Pretoria. Here he remained until 1987 and then returned to the group headquarters back to Munich, where he was appointed to the Board in 1991, becoming Chairman in 1993. Pischetsrieder was known primarily for the 1994 threaded by him buying the British Rover Group Holdings Ltd.. by BMW. However, the takeover did not bring the desired result, so that the brands Rover, MG and Land Rover were sold again. Only the Mini ( the original model Sir Alec Issigonis created, an uncle of Pischetsrieder ) proved to be a stroke of luck.
Beginning of 1999 had Pischetsrieder BMW abandoned and moved as Seat - chief of the Volkswagen Group. There he took over in 2002 by Ferdinand Piëch the post of CEO.
Pischetsrieder left the board of the Wolfsburg-based automaker Group as at 31 December 2006. Successor was the former CEO of the Volkswagen Group subsidiary Audi, Martin Winterkorn. As background for the " termination " personal differences between Pischetsrieder and Piëch families were called. Pischetsrieder had indeed increased the market value of VW AG by 80 % in his tenure, but it revised many decisions of his predecessor Piëch. This saw Piëch increasingly endangers the interests of the shareholder Porsche, which he is part owner. Pischetsrieder lost his position against the voice of the Supervisory Board member and Prime Minister of Lower Saxony (which is 20.00 % of the ordinary shares of VW owns ) Christian Wulff. Successor Winterkorn was a confidant Piëch. Pischetsrieder was until 2012 an employee of Volkswagen AG.
Since January 1, 2013 Pischetsrieder is Chairman of the reinsurer Munich Re.
McLaren F1 accident
In June 1995, the Guided by Bernd Pischetsrieder McLaren F1 somersaulted out of the BMW fleet several times on a country road at the Chiemsee. Pischetsrieder, his wife and another passenger were slightly injured. The circumstances that led to the total loss of 1.6 million marks expensive cars were never made public. By concealing the backgrounds of the accident drew Pischetsrieder massive criticism.
Relationship
Alec Issigonis, the designer of the Mini, was an uncle of the second degree of Pischetsrieder.