To the extent that historical press releases reference BMW Manufacturing Co., LLC as the manufacturer of certain X model vehicles, the referenced vehicles are manufactured in South Carolina with a combination of U.S. origin and imported parts and components.
PressClub USA · Article.
BMW FINANCIAL SERVICES NAMES CHRISTMAN NEW CHIEF EXECUTIVE OFFICER
Wed Jan 24 12:00:00 CET 2001 Press Release
John Christman has been named Chairman and Chief Executive Officer for BMW Financial Services, LLC.
Press Contact.
Martha McKinley
BMW Group
Tel: 123
Fax: 201-573-8416
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Author.
Martha McKinley
BMW Group
WOODCLIFF LAKE, NEW JERSEY, January 24, 2001... John Christman has been named
Chairman and Chief Executive Officer for BMW Financial Services, LLC,
responsible for all of the company's operations in North and Latin America.
Christman, 47 , previously served as Chief Financial Officer for BMW FS, a
position he has held for three years since joining the company in 1994. He
succeeds Stefan Krause, who assumed responsibility for sales in all European
countries except Germany earlier this year.
"John Christman brings a wealth of knowledge and experience to the job and that
will enable him to guide the company's evolution as it expands into new areas
in support of the BMW brand." said Krause. "BMW Financial Services will
continue to grow its core business in all of the Americas as well as develop
its banking and insurance services."
Christman joined BMW FS as controller in 1994, and was named Chief Financial
Officer in 1997. Prior to that, Christman worked as Assistant Controller and
later Senior Controller of Commercial Businesses for Fleet Financial Group and
held positions at KPMG Peat Marwick.
Christman is a graduate of the U.S. Naval Academy of Annapolis, Md., and holds
a Bachelor of Science degree in political science. He also earned a Master of
Science degree in Business Administration from Boston University.
BMW FS Americas Region has facilities in the United States, Canada, Mexico,
Brazil and Argentina.
Robert Devine, President and Managing Director of the U.S. market for BMW FS,
will continue to run BMW FS operations in the US. Devine joined the company
in 1992 and is responsible for dealer relations, product pricing, and marketing
and sales support of BMW Financial Services in the United States.
BMW Financial Services North America Inc. was established in 1992 as a captive
finance company to support the North and Latin American sales and marketing
efforts of BMW. With over $11 billion in managed assets and more than 364,00
customers, BMW FS leases or finances over half of the new BMWs sold in the
U.S. BMW FS employs about 400 people, most of whom are located in the
Dublin, Ohio, Customer Service Center. BMW FS also services the Canadian
market and just recently opened a new Financial Services company in Brazil.
Information about BMW products is available to consumers via the World Wide Web
on the BMW homepage. The address is: http://www.bmwusa.com.