BMW of North America appointed Stefan Walmrath CFO, effective Sept. 1, succeeding Stefan Sengewald, who will return to Germany to serve as a senior vice president for BMW Group.
“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,” Ludwig Willisch, president and CEO of BMW of North America, said in a statement.
Walmrath served as vice president of strategic planning for BMW in Munich. He also has served as CFO of BMW Group France and head of sales controlling in Munich.
Sengewald became BMW’s North American CFO in 2009. He has been with the company for 27 years and has held several financial positions.