BMW CFO shake-up not due to forex worries - CEO

Newswire

MUNICH, Sept 27 (Reuters) - BMW did not swap its finance chief Stefan Krause with its sales and marketing boss due to financial hedging concerns resulting from a strong euro, Chief Executive Norbert Reithofer said on Thursday. "We were not led by curreny hedging considerations," he told reporters, reaffirming that its financial hedging policy to shield it from adverse currency effects would not change. Krause and BMW have come under a lot of criticism for failing to build up a long-term ...

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