Goeschel to retire - from BMW at least.

Burkhard Goeschel, the man behind BMW's Formula One involvement, is to retire at the end of October, following a shake-up among the company's senior management.

Goeschel's exit goes hand-in-hand with a change of chairman - with Dr Norbert Reithofer taking over from Dr Helmut Panke on 1 September, and Frank-Peter Arndt replacing Reithofer as head of production.

Burkhard Goeschel, the man behind BMW's Formula One involvement, is to retire at the end of October, following a shake-up among the company's senior management.

Goeschel's exit goes hand-in-hand with a change of chairman - with Dr Norbert Reithofer taking over from Dr Helmut Panke on 1 September, and Frank-Peter Arndt replacing Reithofer as head of production.

"Mr Goeschel has played an important role in the area of motorcycle, engine and vehicle development, while the board of management team has been responsible for the most comprehensive model and market initiative in the history of our company," Professor Joachim Milberg said in thanking Burkhard Goeschel for his efforts.

As well as his role with BMW, however, Goeschel also assumed the role of chairman within the Grand Prix Manufacturers' Association, heading up negotiations with the FIA and those interested in purchasing the rights to Formula One with regard to future commercial and sporting arrangements for the category. It is not yet clear whether or not he intends to retain that role - the GPMA has yet to comment on the matter - but, with talks with the governing body over technical regulations for 2007 and beyond at a critical stage, his exit , which coincidentally comes at the end of the F1 season, could be crucial.

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