Thomas Wittig to become Head of BMW Group Financial Services

The FINANCIAL — Dr. Thomas Wittig (57) will assume responsibility for BMW Group Financial Services in July this year.

He will take over from Erich Ebner von Eschenbach (54), who has held this position since 2011. 

Wittig, who holds a doctorate in economics and a diploma in business administration, joined the BMW Group in November 1989 and was most recently Senior Vice President Group Reporting. Prior to that, he worked in various leading positions, amongst others as Executive Vice President, Finance, of BMW of North America; as Vice President BMW Group Sales Planning, Process and IT Planning and as Vice President BMW Group Financial Planning and Controlling, according to BMW.

Current Head of BMW Group Financial Services, Erich Ebner von Eschenbach, will assume responsibility for BMW Group Aftersales. 

BMW Group Financial Services operates subsidiaries and runs partnerships with local financial services providers and importers in every continent in 58 markets around the world. With almost 8.400 associates it is one of the leading financial services companies in the automotive sector. The contract portfolio under management at

31 December 2016 comprised 5,114,906 contracts. In 2016, the segment Financial Services achieved a pre-tax profit of approximately € 2.2 billion. Almost every second new BMW or MINI purchased is financed or leased by BMW Group Financial Services.