BMW of North America will undergo an important management alteration from September, as the regional unit changes the second most important person – the chief financial officer.
Ludwig Willisch, President and CEO of BMW of North America, will lose from his management team the current CFO – Stefan Sengewald, who finished his assignment in the US and moves back to BMW’s headquarters in Germany to become the Senior Vice President responsible for organizational development and process management of the BMW Group. Stefan Walmrath will succeed Sengewald, taking over his previous role of Executive Vice President, Finance (CFO) for BMW North America.
“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.”
Sengewald is a long time employee of BMW, having spent 27 years with the company – he became the CFO for the North American division in 2009. Walmrath, with 20 years of experience in the automotive industry, was until now the Vice President of Strategic Planning in Munich, catering for the business plan of the BMW Group.