BMW 2002 Annual Report Download - page 8
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The Presiding Board, which also acts as the Personnel Committee, convened
at six meetings.The statutory Mediation Committee (§27(3) of the Law on
Worker
Participation) did not need to convene during the financial year 2002.
On 30 November 2002, Günter Lorenz ceased to be member of the Board of
Management and left the enterprise after 15 years of service for the BMW Group.
The Supervisory Board thanked Mr. Lorenz for the services he has provided to
the enterprise.
The term of office of Lodewijk C.van Wachem, who has been a member of
the Supervisory Board since 1994, came to an end at the close of the Annual
General Meeting. The Supervisory Board thanked Mr. van Wachem for the work
he has performed in the Supervisory Board. In his place, Prof. Dr.-Ing. Joachim
Milberg, whose mandate as Chairman of the Board of Management came to an
end at the close of the Annual General Meeting, was appointed to the Supervisory
Board by the shareholders at the Annual General Meeting on 16 May 2002. Prof.
Milberg assumed the position as Chairman in a difficult period but succeeded,
within a short space of time, in bringing the Group back on the road to success
and laying the foundations for its premium brand strategy. The Supervisory Board
thanked Prof. Dr.-Ing. Joachim Milberg for his valuable services to the Group as
member and Chairman of the Board of Management and for his willingness to
provide further services to the Group as a member of the Supervisory Board.
Gerhard Gutsmiedl, who has been a member of the Supervisory Board since
1995, left the Supervisory Board with effect from 31 January 2003. The Super-
visory Board thanked Mr. Gutsmiedl for the work he has performed in the Super-
visory Board.
Munich, 13 March 2003
The Supervisory Board
Volker Doppelfeld
Chairman
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