Munich. The Supervisory Board of BMW AG appointed
Walter Mertl (49) as the new Board of Management member responsible
for Finance during its meeting today. He takes over from Nicolas Peter
(60), who will retire after the Annual General Meeting on 11 May 2023.
“The BMW Group has been very fortunate to have such a strategic CFO
with Nicolas Peter,” said Norbert Reithofer, Chairman of the
Supervisory Board of BMW AG. “Over the past, highly volatile years,
the company profited from his profound expertise and exceptionally
sound judgement. Nicolas Peter deserves our utmost thanks for his
three decades of successful management shaped by his vision and
entrepreneurial spirit: He has displayed tremendous leadership
qualities while playing an instrumental role in shaping the
development of the BMW Group, using his extensive knowledge of the
company and its operating environment. His efforts secured the
company’s excellent reputation in the capital markets and with the
broader public. The company owes Nicolas Peter a debt of gratitude for
major advances in its transformation – while, at the same time,
remaining focused on its long-term profitability.”
Nicolas Peter has worked for the BMW Group for more than three
decades and has been a member of the Board of Management since 2017.
During this time, he played a decisive role in driving the BMW Group’s
strategy forward, in making the company more international and in
progressing the far-reaching transformation towards e-mobility and digitalisation.
Walter Mertl joined the BMW Group in 1998 and has held various
managerial positions in the Finance and Sales & Commercial
divisions in Germany and the UK. This included responsibility for
central functions in Group Reporting, Corporate Accounting and in
Corporate Controlling. In recent years, he was head of the entire BMW
Group Corporate Controlling division.
“With more than two decades in various managerial positions in the
Finance and Sales & Marketing divisions at the BMW Group, Walter
Mertl has demonstrated comprehensive business expertise and leadership
skills. For years, he has embodied the company's commitment to
sustainable profitability during the transformation. Mertl’s many
previous managerial successes qualify him for the future role as
member of the Board of Management responsible for Finance. The
Supervisory Board is convinced that Walter Mertl will further enhance
the company's focus on financial strength,” said Norbert Reithofer on
Thursday in Munich.
If you have any questions, please contact:
BMW Group Corporate Communications
Dr Britta Ullrich, Communications Finance
Telephone: +49 89 382-18364
Email: britta.ullrich@bmwgroup.com
Eckhard Wannieck, head of Communications Corporate, Finance, Sales
Telephone: +49 89 382-24544
Email: eckhard.wannieck@bmwgroup.com
Media website: www.press.bmwgroup.com/global
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 over 30 production sites
worldwide; the company has a global sales network in more than 140 countries.
In 2022, the BMW Group sold nearly 2.4 million passenger vehicles and
more than 202,000 motorcycles worldwide. The profit before tax in the
financial year 2022 was € 23.5 billion on revenues amounting to €
142.6 billion. As of 31 December 2022, the BMW Group had a workforce
of 149,475 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. The company set the course for the
future at an early stage and consistently makes sustainability and
efficient resource management central to its strategic direction, from
the supply chain through production to the end of the use phase of all products.
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