Rolls-Royce CEO Torsten Müller-Ötvös to Retire

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Rolls-Royce CEO Torsten Müller-Ötvös to Retire
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Jim Motavalli is an auto writer and author (nine books) who contributes to Autoweek and Barron’s Penta. He has written two books on electric cars, Forward Drive (2000) and High Voltage (2010), and hosts the Plugging In podcast.

Rolls-Royce’s CEO plans on stepping down at the end of November, handing the reins over to current BMW UK head, Chris Brownridge.Torsten Müller-Ötvös’ accomplishments include a more than 600% increase in sales since he stepped into the position in 2009, to 6021 units sold in 2022, while doubling the average price per car and lowering the average buyer age.Müller-Ötvös was also responsible for bringing the Cullinan SUV, a decision for which he was widely mocked.

“We are extremely profitable for the BMW Group,” said Spahn. Quite a bit of the company’s success can be attributed to its best-selling model, the Cullinan SUV, unveiled in 2018. “They said to me, ‘You must be bonkers to be developing an SUV,’” Müller-Ötvös said.The Cullinan represented about half of global sales in 2022, followed by the Ghost, which was over 30 percent and the Phantom with 10 percent.

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