SPARTANBURG, SC -- BMW of North America Inc. officials, gathered here for a press preview of the upcoming X5 4.6is SUV, were surprised but not alarmed to learn of Joachim Milberg plans to step down as chairman of the parent company’s board of management, effective May 2002. The anticipated move comes roughly one year ahead of schedule. Milberg was thrust into the chairman's role in 1999 following a boardroom coup that ousted then Chairman Bernd Pischetsrieder for failing to turn around ...

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