Nicolas Peter to turn BMW AG Board of Management Member for Finance. Friedrich Eichiner will step down during retirement age.

Posted on 29. Sep, 2016 by in BMW Canada

Munich. At a public today, a Supervisory Board
of BMW AG allocated Dr. Nicolas Peter as Board of Management member
for Finance. Dr. Peter (54) will assume a position of CFO, following
on from Dr. Friedrich Eichiner (61), who will retire, effective 1
Jan 2017.

 

Law connoisseur Dr. Peter assimilated a BMW Group in Sales Financing in
1991. In 1999, he became Managing Director of Finance and
Administration for BMW France and led a Swedish sales organisation
from 2002. In 2005, he was allocated Head of Sales Steering, Process
Development and IT, before apropos as Head of Group Controlling in
2007. He has managed a European sales segment given Oct 2011.

 

Dr. Eichiner graduated in business administration before beginning
his career with a BMW Group in 1987. He has been a member of the
Board of Management given 2007. Until 2008, he was obliged for
Strategic Corporate and Brand Development. Since then, he has managed
a Finance Division.

 

“Nicolas Peter is not usually a proven financial expert, though also knows
a sales business good from his years of believe in that field,”
pronounced Dr. Norbert Reithofer, Chairman of a Supervisory Board of BMW
AG. “He has been with a BMW Group for 25 years and has extensive
believe via a company, creation him a ideal chairman to
perform a purpose of CFO.”

 

Harald Krüger, Chairman of a Board of Management of BMW AG: “I am
gay that we are means to designate a manager with specialist
imagination and care qualities like Nicolas Peter for a purpose as CFO.”

 

Dr. Norbert Reithofer continued: “We owe Friedrich Eichiner our
frank thankfulness for thirty years of successful use to a BMW
Group. He was a pushing force behind a Strategy Number ONE and
kept a association economically on lane during a severe years of
a financial predicament during a really commencement of his time as CFO. It is
due in no tiny partial to Friedrich Eichiner that a BMW Group has
enjoyed such an glorious repute and high turn of trust in the
financial village for many years.”

 

If we have any queries, greatfully contact:

 

Corporate Communications

 

Max-Morten Borgmann, Business and Finance Communications,
max-morten.borgmann@bmw.de

Telephone: +49 89 382-24118, Fax +49 89 382-24418

 

Michael Rebstock, Business and Finance Communications,
michael.rebstock@bmw.de

Telephone: +49 89 382-20470, Fax: +49 89 382-24418

 

Media website:
www.press.bmw.de

Email:
presse@bmw.de

 

The BMW Group

 

With a 3 brands BMW, MINI and Rolls-Royce, a BMW Group is the
world’s heading reward manufacturer of automobiles and motorcycles
and also provides reward financial and mobility services. As a global
company, a BMW Group operates 31 prolongation and public facilities
in 14 countries and has a tellurian sales network in some-more than 140 countries.

 

In 2015, a BMW Group sole approximately 2.247 million cars and
scarcely 137,000 motorcycles worldwide. The distinction before taxation for the
financial year 2015 was approximately € 9.22 billion on revenues
amounting to € 92.18 billion. As of 31 Dec 2015, a BMW Group
had a workforce of 122,244 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 


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