Bayerische Motoren Werke Aktiengesellschaft

Shareholders of Bayerische Motoren Werke Aktiengesellschaft

Bayerische Motoren Werke Aktiengesellschaft (BMW AG) is a publicly listed company whose ordinary shares trade on the Frankfurt Stock Exchange. As a German issuer on a regulated market, BMW AG is subject to the major-shareholding notification regime under the German Securities Trading Act (Wertpapierhandelsgesetz, WpHG), supervised by the Federal Financial Supervisory Authority (BaFin). Under this regime, only shareholders whose voting rights cross defined thresholds (starting at 3%) must notify the company and BaFin; the complete underlying shareholder register, including retail holders below these thresholds, is not publicly disclosed. Shareholder disclosure for BMW AG is therefore best described as major shareholders only rather than a full shareholder register.

Following the settlement of their late mother Johanna Quandt’s estate, voting-rights notifications reported that Stefan Quandt held approximately 25.8% and Susanne Klatten held approximately 20.9% of BMW AG’s voting rights, a combined family stake of roughly 46.7%, disclosed via DGAP/BaFin voting-rights announcements reported in German financial media. More recent press and analyst commentary refers to a combined family stake in the region of 47-48.5%, but an updated, individually itemised WpHG notification for each sibling could not be independently located during this research. The 25.8%/20.9% split is the most recent individually verified figure identified here and may since have been superseded by a later notification not confirmed in this review.

The remaining ordinary shares are widely held in free float and traded on the Frankfurt Stock Exchange by institutional and retail investors. BMW AG’s own investor-relations disclosures (as of 30 June 2026, with investor geography as of 31 December 2025) describe the free float’s geographic distribution as approximately 40.5% North America, 55.0% Europe, 3.5% Asia and 0.9% rest of world, without naming individual holders below reporting thresholds.

The shareholder data held in this profile’s structured dataset (4 records, dated 4 September 2026) lists only a small sample of nominee/custodial fund positions denominated in US dollars, including Vanguard- and Fidelity-managed funds. It does not capture the Quandt/Klatten family holdings described above, is not representative of BMW AG’s actual major-shareholder base, and should not be read as a complete or accurate shareholder list.

Ultimate beneficial ownership

Stefan Quandt and Susanne Klatten are publicly identified, named natural-person shareholders of BMW AG, each individually disclosed as holding voting rights at a level relevant to control (Quandt above, and Klatten close to, the 25% threshold commonly used to identify beneficial owners under EU/German anti-money-laundering law). Both also sit on BMW AG’s Supervisory Board (see Directors and officers). This description does not independently confirm an entry in Germany’s Transparenzregister (transparency register), which is not fully publicly searchable; the beneficial-ownership indication above rests on WpHG voting-rights disclosure rather than a Transparenzregister extract.

Data availability

Shareholder disclosure for BMW AG is major-shareholders-only: individually itemised, dated WpHG notifications exist for Stefan Quandt and Susanne Klatten, but the full free-float shareholder base is not itemised, and the most recent individual percentages could not be confirmed beyond the notification identified in this research.

Sources

• BMW Group Investor Relations, BMW Shares – https://www.bmwgroup.com/en/investor-relations/bmw-shares.html (retrieved 25 September 2026; data as of 30 June 2026 / 31 December 2025)
• Handelsregister-derived company extract for HRB 42243 (Northdata) – https://www.northdata.com/Bayerische+Motoren+Werke+AG,+M%C3%BCnchen/HRB+42243 (retrieved 25 September 2026)
• Handelsblatt, reporting on BaFin/DGAP voting-rights notifications following the 2015-2018 Quandt family estate settlement – https://www.handelsblatt.com/unternehmen/industrie/autobauer-so-teilen-sich-die-bmw-erben-ihre-aktien-auf/20983128.html (retrieved 25 September 2026)

Directors and officers of Bayerische Motoren Werke Aktiengesellschaft

The commercial-register-derived officer data held for this profile contains 306 historical records covering appointments dated between 16 November 2001 and 6 June 2023 (last synced 8 September 2026): 96 records are marked active and 210 marked resigned. Of the active records, 255 carry only the generic label “Officer,” consistent with Prokuristen (holders of commercial power of attorney/signing authority under German company law) rather than statutory board titles; a smaller set of six “Board Member” records and one “Ceo” record corresponds to the company’s Vorstand (Board of Management) as constituted at the time of the last data sync. No supervisory-board members appear in this dataset, since German commercial-register officer filings generally cover the Vorstand and Prokura, not the Aufsichtsrat.

Because this registry extract predates several confirmed 2026 changes at Board of Management level, the table below reflects BMW AG’s own published governance information rather than the stored registry snapshot.

Recent officer changes

• Dr. Milan Nedeljković succeeded Oliver Zipse as Chairman of the Board of Management, effective 14 May 2026, following the Annual General Meeting; Zipse had chaired the Board since August 2019.
• Dr. Raymond Wittmann was appointed to the Board of Management for Production, effective 14 May 2026.
• Dorothea von Boxberg was appointed to the Board of Management for Personnel and Real Estate (Labour Relations Director), effective 1 September 2026, succeeding Ilka Horstmeier, who left the Board by mutual agreement.

Supervisory Board (Aufsichtsrat)

German stock corporations operate a two-tier governance structure. BMW AG’s Supervisory Board (Aufsichtsrat) is elected by the Annual General Meeting (shareholder representatives) and by the workforce (employee representatives); it is a distinct body from the Board of Management and does not generally appear in commercial-register officer/Prokura filings, which is why it is absent from the structured officer data above. Per BMW’s own governance disclosures, the Supervisory Board is chaired by Dr. Nicolas Peter (shareholder representative, since 14 May 2025, succeeding Dr. Norbert Reithofer), with Stefan Quandt serving as a Deputy Chairman and Dr. h.c. Susanne Klatten as a shareholder-representative member; remaining seats are held by other shareholder and employee representatives. Nationality is not disclosed for any individual named in this profile and should not be inferred from name, address or country of appointment.

Data availability

Board of Management appointments filed with the Handelsregister are generally complete but can lag real-time company announcements by weeks or months, as illustrated by the gap between this profile’s last registry sync (8 September 2026) and confirmed Board changes effective through 1 September 2026. Supervisory Board composition is not part of the commercial-register officer extract and is sourced here from BMW AG’s own governance disclosures. Nationality and country of residence are not published in either source and are reported as not disclosed.

Sources

• BMW Group, Leadership and Governance – https://www.bmwgroup.com/en/company/leadership-and-governance.html (retrieved 25 September 2026)
• BMW Group press release, Board of Management succession – https://www.press.bmwgroup.com/deutschland/article/detail/T0454373DE/
• BMW Group press release, Raymond Wittmann Board appointment – https://www.press.bmwgroup.com/deutschland/article/detail/T0456134DE/
• BMW Group press release, Dorothea von Boxberg Board appointment – https://www.press.bmwgroup.com/deutschland/article/detail/T0459394DE/

Group structure of Bayerische Motoren Werke Aktiengesellschaft

Bayerische Motoren Werke Aktiengesellschaft (BMW AG) is the ultimate parent company of the BMW Group and is not itself controlled by another corporate parent; its shares are publicly traded (see Shareholders). The corporate-linkage data held for this profile places BMW AG at the top of a tree of 191 subsidiary and related entities across 48 countries, most heavily represented in Germany (23 entities), the United Kingdom (21), the United States (15), China (10), the Netherlands (7) and Austria (7), reflecting BMW’s manufacturing, national sales and financial-services footprint. Ownership percentages for individual entities are not disclosed in this dataset and are not assumed here.

The Group’s vehicle brands are manufactured and sold through BMW-branded entities and Rolls-Royce Motor Cars Limited (United Kingdom), a wholly branded subsidiary of the BMW Group since 2003. Financial-services activities (vehicle financing, leasing and fleet management) are conducted through BMW Bank GmbH (Germany) and the Alphabet fleet-management entities present in numerous countries. National sales and distribution subsidiaries operate under variants of the BMW name in most major automotive markets, including BMW (UK) Limited, BMW Italia SpA, BMW France, BMW de México, BMW Korea Co., Ltd., BMW Malaysia Sdn. Bhd., BMW South Africa (Pty) Ltd and BMW Australia Ltd.

In China, vehicle manufacturing is carried out through BMW Brilliance Automotive Ltd., a joint venture in which BMW AG increased its shareholding to 75% in February 2022, making it a majority-owned but not wholly owned subsidiary; the remaining interest is held by joint-venture partner Brilliance China Automotive Holdings. This is the one relationship in the group structure for which a specific, independently reportable ownership percentage is publicly available; percentages for the other listed entities are not disclosed in the underlying dataset and are not asserted here.

The Group also retains a number of legacy and dormant UK holding entities associated with historic brands (for example, Triumph Motor Company Limited and John Cooper Garages Limited) alongside its active MINI and Rolls-Royce operations.

Verified corporate relationships

Recent structural changes

No independently verified 2025-2026 acquisitions, disposals or reorganisations affecting BMW AG’s group structure were identified during this research, beyond the February 2022 increase in the BMW Brilliance Automotive joint-venture stake noted above.

Data availability

The group-structure information available for this profile is partial: it provides a broad hierarchical map of BMW AG’s global subsidiaries and their jurisdictions, but it does not disclose ownership percentages for most individual entities, and its completeness relative to BMW’s actual current group structure has not been independently re-verified entity-by-entity against the Handelsregister or equivalent foreign registries.

Sources

• Internal corporate-linkage dataset for this profile, last synced 8 September 2026
• BMW Group, Company history – https://www.bmwgroup.com/en/company/history.html (retrieved 25 September 2026)
• Reporting on the BMW Brilliance Automotive joint-venture stake increase to 75%, effective February 2022 (widely reported in automotive trade and financial press)