FRANKFURT — BMW said on Tuesday that Norbert Reithofer would step down in May as chief executive of the German luxury carmaker a year earlier than expected, and that he would be replaced by Harald Krüger, the head of production.

Mr. Reithofer, 58, who oversaw a push into lower price categories for BMW and the introduction of a line of electric cars, will probably become chairman of the supervisory board and thus remain a powerful, if less visible, force in the company’s management.

Like Mr. Reithofer, Mr. Krüger, who is 49, has spent his career at BMW, which is based in Munich. Mr. Krüger has served in a variety of positions, as has Mr. Reithofer, that give him broad experience with company operations.

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BMW CEO Norbert Reithofer To Step Down in 2015 And Become Chairman - Harald Krueger Is Named Next CEO

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