- Stefan Sengewald takes new role in Germany
- Stefan Walmrath to become new CFO
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 BMW Group.
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.”
