BMW 2013 Annual Report Download - page 12

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for reasons of health. We expressed our deep appreciation to Mr Arndt for his many years of committed and
conscientious service and for the personal contribution he made to the success of the BMW Group. Details of
the arrangements put in place for Mr Arndt following the termination of his board activities are provided in
the Compensation Report.
In conjunction with a reassignment of responsibilities within the Board of Management with effect from
1 April 2013, responsibility for Production was entrusted to Harald Krüger, who had been in charge of the
MINI, BMW Motorrad, Rolls-Royce and BMW Group Aftersales division since its creation in 2012. With effect
from 1 April 2013, the Supervisory Board appointed Peter Schwarzenbauer as member of the Board of Manage-
ment.
With many years of management experience in the premium segment of the automobile industry
behind him, Mr Schwarzenbauer took over responsibility for the MINI, BMW Motorrad, Rolls-Royce, After-
sales BMW Group division from Mr Krüger as part of the reallocation of responsibilities within the Board
of Management. The appointment of one member of the Board of Management was renewed by the Super-
visory Board.
Composition of the Supervisory Board, the Presiding Board and Supervisory Board Committees Fol-
lowing the resignation of Oliver Zipse as executive staff representative on the Supervisory Board with effect
from 31 March 2013, in order to take up a new management position within the BMW Group, the District
Court of Munich – based on a proposal made by executive staff – appointed Dr Markus Schramm (Head of
Aftersales Business Management and Mobility Services BMW Group) as executive staff representative on
the Supervisory Board for the remaining term of office. Maria Schmidt retired on 30 June 2013 and therefore
ceased to be a member of the Supervisory Board. The Supervisory Board thanked the members leaving office
for their constructive work within the Supervisory Board. The District Court of Munich appointed Brigitte
Rödig as employee representative on the Supervisory Board to replace Maria Schmidt for the remaining term
of office. Following these changes, the proportion of women in the Supervisory Board remains at 20 %.
Following my own re-election to the Supervisory Board at the Annual General Meeting 2013, the Super-
visory Board again decided to elect me as its Chairman and member of the Audit Committee. In accordance
with the relevant terms of reference, I remained Chairman of the Personnel and Nomination Committees.
Following his re-election to the Supervisory Board, Dr Kley was again elected as the 4th Deputy Chairman
of the Supervisory Board, as member of the Personnel and Nomination Committees and also Chairman of
the Audit Committee. The Corporate Governance Report includes an overview of the composition of the
Supervisory
Board and its committees.
Examination of financial statements and the profit distribution proposal KPMG AG Wirtschaftsprüfungs-
gesellschaft
conducted a review of the abridged Interim Group Financial Statements and Interim Group
Management Report for the six-month period ended 30 June 2013. The results of the review were also reported
orally to the Audit Committee. No issues were identified that might indicate that the abridged Interim
Group
Financial Statements and Interim Group Management Report had not been prepared, in all material
respects, in accordance with the applicable provisions.
The Group and Company Financial Statements of Bayerische Motoren Werke Aktiengesellschaft for the
year ended 31 December 2013 and the Combined Management Report – as authorised for issue by the Board
of Management on 20 February 2014 – were audited by KPMG AG Wirtschaftsprüfungsgesellschaft and
given an unqualified audit opinion.
The Financial Statements and the Combined Management Report, the long-form audit reports of the
external auditors and the Board of Management’s profit distribution proposal were made available to all