Woodcliff Lake, NJ – August 11, 2014 . . . Ludwig
Willisch, President and CEO, BMW of North America has announced the
following changes to his executive management team effective September
1. Having completed his assignment, BMW of North America Chief
Financial Officer Stefan Sengewald will be returning to Germany to
assume a new role at BMW Group headquarters as Senior Vice President
responsible for organizational development and process management of
the BMW Group.
A 27 year veteran of the BMW Group, Stefan Sengewald has held
significant financial positions since joining the company in 1987.
These include foreign assignments as Assistant Finance Director, BMW
Spain and Director Finance and Administration, BMW Mexico. He became
CFO, BMW of North America in 2009.
Succeeding Stefan Sengewald as Executive Vice President, Finance
(CFO) is Stefan Walmrath who has been Vice President of Strategic
Planning in Munich responsible for the long-range business plan of the
In his more than 20 years in the business – with BMW Group and
previously as a consultant - Stefan Walmrath has acquired a deep and
extensive knowledge of finance, strategy development and
implementation. Stefan’s previous positions with BMW Group include
CFO of BMW Group France and head of Sales Controlling in Munich.
Most recently, Stefan was actively involved in the selection process
for the site of the new BMW Mexico plant in San Luis Potosi and in
development of business strategies for the U.S market.
“Stefan Walmrath steps in as our new CFO even as we say goodbye to
Stefan Sengewald who so ably filled the role these past five years,”
said Ludwig Willisch, “The CFO is a critical leader in sustaining the
momentum and success of the BMW Group in the Americas and we welcome
Stefan Walmrath to his new position.”
BMW Group In America
BMW of North America, LLC has been present in the United States since
1975. Rolls-Royce Motor Cars NA, LLC began distributing vehicles in
2003. The BMW Group in the United States has grown to include
marketing, sales, and financial service organizations for the BMW
brand of motor vehicles, including motorcycles, the MINI brand, and
the Rolls-Royce brand of Motor Cars; DesignworksUSA, a strategic
design consultancy in California; a technology office in Silicon
Valley and various other operations throughout the country. BMW
Manufacturing Co., LLC in South Carolina is part of BMW Group’s global
manufacturing network and is the exclusive manufacturing plant for all
X5 and X3 Sports Activity Vehicles and X6 and X4 Sports Activity
Coupes. The BMW Group sales organization is represented in the U.S.
through networks of 339 BMW passenger car and BMW Sports Activity
Vehicle centers, 139 BMW motorcycle retailers, 120 MINI passenger car
dealers, and 35 Rolls-Royce Motor Car dealers. BMW (US) Holding
Corp., the BMW Group’s sales headquarters for North America, is
located in Woodcliff Lake, New Jersey.