Erich Ebner von Eschenbach to head BMW Group's Financial Services Segment
Predecessor Georg Bauer to retire
(LifePR) - Erich Ebner von Eschenbach (48) will assume responsibility for the BMW Group's Financial Services Segment in January of next year. He takes over from Georg Bauer (59), who has held this position since September 2004. Bauer will retire upon reaching retirement age at the end of the year.
Ebner von Eschenbach, who holds a degree in business administration, joined the BMW Group in July 2003, and was most recently head of the Group Treasury. Prior to that, he worked for Hypo Vereinsbank for eight years, in positions including head of Corporate Finance in New York. His successor will be Norbert Mayer (55), previously responsible for Corporate Finance at the BMW Group.
The Financial Services segment's total business volume, as disclosed in the balance sheet, comprised euro 62,419 million on 31 March 2010. The number of leasing and financing contracts in place with dealerships and retail customers totalled 3,107,568 on the same date.
The BMW Group is one of the most successful manufacturers of automobiles and motorcycles in the world with its BMW, MINI and Rolls-Royce brands. As a global company, the BMW Group operates 24 production facilities in 13 countries and has a global sales network in more than 140 countries.
The BMW Group achieved a global sales volume of approximately 1.29 million automobiles and over 87,000 motorcycles for the 2009 financial year. The pretax profit for 2009 was euro 413 million, revenues totalled euro 50.68 billion. At 31 December 2009, the company employed a global workforce of approximately 96,000 associates.
The success of the BMW Group has always been built on longterm 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. As a result of its efforts, the BMW Group has been ranked industry leader in the Dow Jones Sustainability Indexes for the last five years.
The BMW Group is one of the most successful manufacturers of automobiles and motorcycles in the world with its BMW, MINI and Rolls-Royce brands. As a global company, the BMW Group operates 24 production facilities in 13 countries and has a global sales network in more than 140 countries.
The BMW Group achieved a global sales volume of approximately 1.29 million automobiles and over 87,000 motorcycles for the 2009 financial year. The pretax profit for 2009 was euro 413 million, revenues totalled euro 50.68 billion. At 31 December 2009, the company employed a global workforce of approximately 96,000 associates.
The success of the BMW Group has always been built on longterm 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. As a result of its efforts, the BMW Group has been ranked industry leader in the Dow Jones Sustainability Indexes for the last five years.
Datum: 01.07.2010 - 10:25 Uhr
Sprache: Deutsch
News-ID 23304
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