Munich. At its meeting today, the Supervisory Board
of BMW AG appointed Dr. Nicolas Peter as Board of Management member
for Finance. Dr. Peter (54) will assume the position of CFO, following
on from Dr. Friedrich Eichiner (61), who will retire, effective 1
January 2017.
Law graduate Dr. Peter joined the BMW Group in Sales Financing in
1991. In 1999, he became Managing Director of Finance and
Administration for BMW France and led the Swedish sales organisation
from 2002. In 2005, he was appointed Head of Sales Steering, Process
Development and IT, before becoming as Head of Group Controlling in
2007. He has managed the European sales region since October 2011.
Dr. Eichiner graduated in business administration before beginning
his career with the BMW Group in 1987. He has been a member of the
Board of Management since 2007. Until 2008, he was responsible for
Strategic Corporate and Brand Development. Since then, he has managed
the Finance Division.
“Nicolas Peter is not only a proven financial expert, but also knows
the sales business well from his years of experience in that field,”
said Dr. Norbert Reithofer, Chairman of the Supervisory Board of BMW
AG. “He has been with the BMW Group for 25 years and has extensive
knowledge throughout the company, making him the ideal person to
fulfill the role of CFO.”
Harald Krüger, Chairman of the Board of Management of BMW AG: “I am
delighted that we are able to appoint a manager with specialist
expertise and leadership qualities like Nicolas Peter for the role as CFO.”
Dr. Norbert Reithofer continued: “We owe Friedrich Eichiner our
sincere gratitude for thirty years of successful service to the BMW
Group. He was the driving force behind our Strategy Number ONE and
kept the company economically on track during the challenging years of
the financial crisis at the very beginning of his time as CFO. It is
due in no small part to Friedrich Eichiner that the BMW Group has
enjoyed such an excellent reputation and high level of trust in the
financial community for many years.”
If you have any queries, please contact:
Corporate Communications
Max-Morten Borgmann, Business and Finance Communications,
max-morten.borgmann@bmw.de
Telephone: +49 89 382-24118, Fax +49 89 382-24418
Michael Rebstock, Business and Finance Communications,
michael.rebstock@bmw.de
Telephone: +49 89 382-20470, Fax: +49 89 382-24418
Media website:
www.press.bmw.de
Email:
presse@bmw.de
The BMW Group
With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the
world’s leading premium manufacturer of automobiles and motorcycles
and also provides premium financial and mobility services. As a global
company, the BMW Group operates 31 production and assembly facilities
in 14 countries and has a global sales network in more than 140 countries.
In 2015, the BMW Group sold approximately 2.247 million cars and
nearly 137,000 motorcycles worldwide. The profit before tax for the
financial year 2015 was approximately € 9.22 billion on revenues
amounting to € 92.18 billion. As of 31 December 2015, the BMW Group
had a workforce of 122,244 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.
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