Gerald Holzmann to become Head of BMW Group Financial Services

Munich. Gerald Holzmann (59) will assume
responsibility for BMW Group Financial Services as of 1 April 2022. He
will take over from Dr. Thomas Wittig (61), who has held the position
since July 2017.

With a Diploma in Business Economy, Gerald Holzmann, joined the BMW
Group in 1990 and was most recently Head of the Finance Division at
BMW Group Financial Services. Previously, he has served in leading
roles within the BMW Group, including Head of Accounting and Services,
Chief Financial Officer, BMW Financial Services of North America, and
Managing Director at BMW Financial Services Italy. Gerald Holzmann is
currently a member of the Supervisory Board of Alphabet Deutschland
GmbH and BMW Finance SNC in France.

His predecessor, Dr. Thomas Wittig, will be a part of the hand-over
phase until 31 May 2022, and will then retire.

BMW Group Financial Services comprises more than 50 companies
worldwide as well as cooperations with local financial service
providers and importers on all continents. With almost 8,500
employees, BMW Group Financial Services is one of the leading
financial service providers in the automotive sector. The number of
leasing and financing contracts with dealers and retail customers
amounted to 5.6 million as of 31 December 2021. The Financial Services
segment achieved earnings before taxes of approximately €3.75 billion
in 2021. One out of every two BMW and MINI new vehicles is financed or
leased by BMW Group Financial Services.



For queries, please contact:


Corporate Communications


Nicole Fallenbeck, Communications Financial Services

phone: +49 89 382-13296


Eckhard Wannieck, Head of Communications Corporate, Finance, Sales

phone: +49 89 382-24544