Alphabet (GB) Limited and BMW Financial Services (GB) Limited have today announced a series of leadership team changes which come into effect over the coming months. From 01 January 2022 current BMW Financial Services (GB) Limited Chief Executive Officer (CEO) Mike Dennett will also assume the role of CEO for Alphabet in the UK, in addition to his present responsibilities.
At the same time, Nick Brownrigg, CEO of Alphabet (GB) Limited since 2016 will take up a new position as CEO of BMW Group Financial Services in the Netherlands, a newly created role which combines responsibility for both the retail financial services business, as well as the fleet leasing and mobility operations.
With effect from 01 November 2021, Ursula Wingfield takes on the role of Chief Financial Officer (CFO) for Alphabet (GB) Limited, in addition to her current role as CFO for BMW Financial Services (GB), a position she has held since August 2020. Ursula is well acquainted with Alphabet, having previously spent five years as CEO of Alphabet in the German market prior to her UK appointment.
After almost five years with Alphabet, present CFO Stefan Oswald will take on a new role as CFO for the BMW Bank GmbH in Italy, effective from 01 November 2021.
All UK appointments are subject to Financial Conduct Authority (FCA) approval.
Alphabet and BMW Financial Services are sister organisations within the BMW Group and some supporting functions and services are already shared between the two companies. Both businesses are also regulated by the FCA. Already actively collaborating in the field of innovation, the two companies have participated together in BMW Group UK Innovation Labs over recent years with great success.