Changes in the top echelons of BMW of North America

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Woodcliff Lake, NJ ,August 13, 2014(STAT):-Ludwig Willisch, President and CEO, BMW of North America has announced the following changes to his executive management team effective September 1. Having completed his assignment, BMW of North America Chief Financial Officer Stefan Sengewald will be returning to Germany to assume a new role at BMW Group headquarters as Senior Vice President responsible for organizational development and process management of the BMW Group.

Succeeding Stefan Sengewald as Executive Vice President, Finance (CFO) is Stefan Walmrath who has been Vice President of Strategic Planning in Munich responsible for the long-range business plan of the BMW Group.

Most recently, Stefan was actively involved in the selection process for the site of the new BMW Mexico plant in San Luis Potosi and in development of business strategies for the U.S market.

“Stefan Walmrath steps in as our new CFO even as we say goodbye to Stefan Sengewald who so ably filled the role these past five years,” said Ludwig Willisch, “The CFO is a critical leader in sustaining the momentum and success of the BMW Group in the Americas and we welcome Stefan Walmrath to his new position.”

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