BMW to offer CEO contract extension to 2016 -paper

Newswire

FRANKFURT, Sept 27 (Reuters) - German carmaker BMW's supervisory board will offer chief executive Norbert Reithofer a five-year contract extension at a meeting on Wednesday, the Frankfurter Allgemeine Zeitung reported. "Should everyone (on the board) get their wish, Reithofer would lead BMW until September 2016. The now 54 year-old would then be the age at which BMW managers would normally leave," the paper said in a story due to appear in its Tuesday edition. A contract extension has ...

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