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PressClub USA · Article.

Dr. Thomas Wittig Appointed Executive Vice President, Finance and Chief Financial Officer for BMW

Dr. Thomas Wittig has been appointed Executive Vice President, Finance, and Chief Financial Officer of BMW (US) Holding Corp., responsible for the company's finance, controlling, treasury, purchasing, human resources and property management functions, effective April 1, 2001.

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Martha McKinley
BMW Group

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Martha McKinley
BMW Group

Woodcliff Lake, New Jersey, March 28, 2001... Dr. Thomas Wittig has been
appointed Executive Vice President, Finance, and Chief Financial Officer of BMW
(US) Holding Corp., responsible for the company's finance, controlling,
treasury, purchasing, human resources and property management functions,
effective April 1, 2001. Prior to his new appointment, Dr. Wittig was Vice
President, Group Financial Planning and Controlling for BMW AG in Munich.

He joined BMW AG in 1989 and has been promoted several times during his tenure
with the company, assuming increasingly more responsibility in management and
financial positions. Dr. Wittig holds a graduate degree in business
administration and a doctorate in economics from the University of Regensburg,
Germany.

Dr. Wittig succeeds Dr. Werner Adelberger, who has accepted a new position with
BMW Group as head of Assembly and Logistics at BMW Motorengesellschaft, in
Steyr, Austria.

BMW IN AMERICA

BMW of North America, LLC was established in 1975. Since then, the company has
grown to include marketing, sales and financial service organizations in the
United States for the BMW and MINI brands; a South Carolina manufacturing
operation; DESIGNWORKS/USA, an industrial design firm in California; a
technology office in Silicon Valley and various other operations throughout the
country. The BMW Group is represented in the U.S. through a network of more
than 340 car, 315 Sports Activity Vehicle and 160 motorcycle retailers. BMW US
Holding Corp., the Group's headquarters for North, Central and South America,
is located in Woodcliff Lake, New Jersey.

Information about BMW Group products is available to consumers via the World
Wide Web on the BMW homepage at http://www.bmwusa.com and www.miniusa.com.
.

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