BMW has recruited a former DaimlerChrysler executive to head its financial services division, it reportedly said on Thursday.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Georg Bauer, 53, will replace Hagen Luederitz as division chief on October 1 and Luederitz will retire, Reuters reported.


Bauer, who spend 25 years at Daimler, reportedly last served as manangement board member at DaimlerChrysler Services, where he was responsible for most of the unit’s financial services business, its fleet management operations and its global insurance activities.


DC reshuffles Services management

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now