New management for BMW Bank GmbH

Munich. BMW Bank GmbH will appoint Kathrin Kerls as
its new Chair of the Board of Management, effective 1 April 2020. The
51-year-old lawyer joins the company from UniCredit Bank AG, where she
has worked since 2009.

 

“We are delighted to bring an experienced manager from an
international credit institution like Kathrin Kerls on board at BMW
Bank GmbH,” explained Nicolas Peter, member of the Board of Management
of BMW AG responsible for Finance. “Together with Ms Kerls, we will
continue to gear the successful business model of BMW Bank GmbH
towards changing customer wants.”

 

Kerls previously held various management positions at both Dresdner
Bank AG and UniCredit Bank AG, where she was most recently head of
Special Projects and Restructuring Projects.

 

The current Chairman of the Board of Management of BMW Bank GmbH,
Hans-Jürgen Cohrs, will step down on 1 April, but will support his
successor during the initial phase until he retires on 30 June 2020.

 

“We would like to thank Hans-Jürgen Cohrs for his many years of
successful service to BMW Bank GmbH,” Nicolas Peter added.

 

Hans-Jürgen Cohrs has held numerous management positions within the
BMW Group for more than 30 years and has been Chairman of the Board of
Management of BMW Bank GmbH in Munich since 2009.

 

BMW Bank GmbH is a BMW Group company and part of
BMW Group Financial Services. BMW Group Financial
Services operates in more than 60 countries worldwide through its own
companies or collaborations with local financial service providers on
all continents. BMW Group Financial Services is one of the leading
financial services providers in the automotive sector.

 

If you have any questions, please contact:

 

Corporate Communications

 

Almut Stollberg, spokesperson Business and Finance

Telephone: +49 89 382-96543, almut.stollberg@bmw.de

 

Mathias Schmidt, head of Corporate and Culture Communications

Telephone: +49 89 382-24544, mathias.m.schmidt@bmw.de

 

Media website: www.press.bmwgroup.com

Email: presse@bmwgroup.com

 

 

The BMW Group

 

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 31 production and assembly
facilities in 15 countries; the company has a global sales network in
more than 140 countries.

In 2019, the BMW Group sold over 2,520,000 passenger vehicles and
more than 175,000 motorcycles worldwide. The profit before tax in the
financial year 2018 was € 9.815 billion on revenues amounting to
€ 97.480 billion. As of 31 December 2018, the BMW Group had a
workforce of 134,682 employees.

The success of the BMW Group has always been based on long-term
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.

 

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