Müller-Ötvös's retirement comes as the auto industry is transitioning to electric vehicles (EVs). Under his leadership, Rolls-Royce announced plans to produce only EVs by 2030 and introduced the "ultra-luxury" Spectre car, which quickly sold out until 2025. Despite his departure, Müller-Ötvös emphasized that Rolls-Royce cars will always prioritize being a Rolls-Royce first, before being an electric car.
Key takeaways:
- Rolls-Royce Motor Cars’s CEO Torsten Müller-Ötvös is set to retire in November, with Chris Brownridge, CEO of BMW UK, succeeding him from December 1.
- Müller-Ötvös has been credited with turning around the fortunes of the company, increasing sales by 500% and reducing the average age of a Rolls-Royce buyer from 56 to 43.
- Under Müller-Ötvös's leadership, Rolls-Royce expanded its range of models and made lucrative changes to the customizations in its vehicles.
- Müller-Ötvös has also overseen the company's pivot towards electric vehicles, with the brand committing to produce only EVs by 2030.