Stefan Walmrath named as BMW of North America CFO

Article by Christian A., on August 13, 2014

BMW of North America has made several changes to its executive management team led by president and chief executive Ludwig Willisch. The changes take effect September 1. BMW of North America Chief Financial Officer Stefan Sengewald will be returning to BMW Group headquarters in Germany to serve as Senior Vice President responsible for organizational development and process management.

Sengewald has held vital financial positions since joining BMW in 1987 like Assistant Finance Director for BMW Spain and Director Finance and Administration for BMW Mexico. He was named as chief financial officer BMW of North America in 2009.

Sengewald will be replaced by Stefan Walmrath, who currently serves as Vice President of Strategic Planning in Munich in charge of the long-range business plan of the BMW Group.

Featuring over 20 years in the automotive business, Walmrath boasts of a deep and extensive knowledge of finance, strategy development and implementation. Stefan previously served as chief financial officer of BMW Group France and chief of Sales Controlling in Munich.

He was most recently active in the process of selecting a site for the new BMW Mexico plant in San Luis Potosi and in development of business strategies for the United States market.

Willisch welcomed Walmrath as BMW of North America’s new CFO, saying the position is a critical leader in sustaining the momentum and success of the BMW Group in the Americas. [source: BMW]

Topics: bmw, north america

If you liked the article, share on:

Comments

Recommended

It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Jaguar fans, as well as auto enthusiasts in general, has a reason to celebrate this week as the brand gave everyone a peek of the new 2018 XF Sportbrake. This...
by - April 28, 2017
BMW has revealed that its i brand has partnered with TED in order to launch a worldwide search of unique ideas under the title “NextVisionaries.” This brand has long been...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries