BMW Financial Services Appoints New Chief Financial Officer
BMW Financial Services of North America, LLC (BMW FS) announced on May 8 the appointment of Gerald Holzmann to the position of chief financial officer.
Holzmann previously served as managing director and president of BMW FS in Italy, a position he held since 1999. Holzmann joined BMW as a group accounting specialist in 1990. During his time with the company, he has held the positions of controller (1994-1997) and chief financial officer of BMW FS in Italy (1997-1999).
Prior to joining the company, he worked as a business controller and IT assistant for Nixdorf Computer AG from 1987 to 1990 and as a trainer for software courses at NCR GmbH from 1986 to 1987.
Holzmann is a graduate of the University of Augsburg and earned a master's degree in business administration in 1987.
About BMW Financial Services
BMW Financial Services of North America was established in 1992 as a captive finance company to support the North and South American sales and marketing efforts of BMW.
With almost $11 billion in managed assets and 364,000 customers, BMW FS leases or finances over half of the new BMWs sold in the U.S. BMW FS employs about 400 people, most of whom are located in their Dublin, Ohio, Customer Service Center. BMW FS also services the Canadian market and recently opened a new financial services company in Brazil.
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