Munich. The BMW Group today announced senior
management changes in its Sales and Finance Divisions: Jean-Philippe
Parain, who currently serves as Head of the Sales Region Asia-Pacific,
Eastern Europe, Middle East and Africa for the BMW Group, will assume
responsibility for the MINI brand as of 1 October 2025.
Parain brings a wealth of international experience to the role and
will be tasked with building on MINI’s current momentum. Jean-Philippe
Parain joined the company in 1997 at BMW France in the marketing
department. Jean-Philippe Parain has held several senior management
roles including President and CEO BMW Group Belux, Head of MINI Europe
and Head of Sales Region Europe. Under his leadership, the Sales
Region Asia-Pacific, Eastern Europe, Middle East and Africa saw
particularly strong growth and reached segment leadership for the
premium brands BMW and MINI.
”We are convinced that Jean-Philippe Parain, with his leadership
experience and sales expertise, will help MINI build on the strong
foundation of the new model family and realise the brand’s great
potential in coming years,” said Jochen Goller, Member of the Board of
Management of BMW AG, responsible for Customer, Brands and Sales.
Stefan Richmann, currently Head of the MINI brand, will take on the
role of Head of Treasury and Investor Relations for the BMW Group, effective
1 October 2025. Under Stefan Richmann’s leadership, MINI has seen a
strong sales increase by about 25% per August 2025 compared to the
previous year, with the new MINI model lineup resonating strongly with
customers around the world. Especially the all-electric MINI models
saw significant growth during the year.
“Stefan Richmann has done an outstanding job in steering the
MINI brand into the future and positioning it for continued growth and
success,” said Jochen Goller.
As Head of BMW Group Treasury, Stefan Richmann will be responsible
for the financing activities of the BMW Group, including liquidity
management, pension investment and financial risk management.
Additionally, BMW Group Investor Relations, as part of his
responsibility, serve as the interface to the capital market.
“I’m looking forward to welcoming Stefan Richmann in his new position
as Head of Treasury. Stefan’s financial expertise and strategic vision
make him the ideal candidate to bring the BMW Group Treasury and
Investor Relations to the next level”, said Walter Mertl, Member
of the Board of Management of BMW AG, responsible for Finance.
Stefan Richmann began his career at the BMW Group in 1997. Since
then, he has held numerous managerial positions within the company.
From 2008, Stefan Richmann was responsible for BMW Spain finances as
CFO. He returned to Munich at the end of 2010, where he fulfilled
several further management roles in the Finance and Controlling
division and Product Management at BMW Group headquarters. From 2017,
Stefan Richmann served as CFO of BMW North-America and later as Head
of BMW Financial Services America. In April 2022, he took over as head
of the Corporate Strategy division, and in 2024 as head of the MINI brand.
Ritu Chandy, currently Head of BMW Group Treasury, will succeed
Jean-Philippe Parain as Head of the BMW Group Sales Region
Asia-Pacific, Eastern Europe, Middle East and Africa on 1 October 2025.
Ritu Chandy began her career with the BMW Group in 2001 at BMW
Australia and has held senior management roles across BMW Group’s
global footprint including CFO for BMW Group Financial Services of
North America and CEO of the BMW Group Financial Services Asia-Pacific
Region before relocating to Munich in April 2022 for her current
position. In this role, Ritu Chandy has driven change in capital
market interaction and earned widespread respect with financial market
stakeholders for her transparency, strategic approach and unwavering dedication.
“We are confident that Ritu Chandy, with her drive and strength in
successfully managing heterogeneous markets, will continue to build on
the strong sales performance in the region. I would like to thank
Ritu, who has worked tirelessly to strengthen the BMW Group’s
reputation in the financial market and, together with her teams, has
driven forward process improvements in Group Treasury,” said
Walter Mertl.
Her appointment as Head of the Sales Region Asia-Pacific, Eastern
Europe, Middle East and Africa for the BMW Group comes into effect as
of 1 October2025. Based on her previous roles, Ritu Chandy has
comprehensive knowledge and experience with the region that will
enable her to drive sales across this portfolio spanning numerous
markets and cultures.
“Ritu Chandy’s appointment brings a leader with a unique blend
of financial acumen and deep regional expertise to a key pillar of our
global footprint,” said Jochen Goller.
The Board of Management wishes all three senior managers much success
in their new roles.
BMW Group Corporate Communications
Micaela Sandstede, Head of Communications MINI
Telephone: +49 176 601 61611
Email: micaela.sandstede@mini.com
Dr Sina Unger, Communications Sales
Telephone: +49 151 601 47564
Email: sina.unger@bmwgroup.com
Max-Morten Borgmann, Head of Communications BMW Group, Finance, Sales
Telephone: +49 89 382-24118
Email: max-morten.borgmann@bmwgroup.com
Media website: www.press.bmwgroup.com/deutschland
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 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 2024, the BMW Group sold 2.45 million passenger vehicles and more
than 210,000 motorcycles worldwide. The profit before tax in the
financial year 2024 was € 11.0 billion on revenues amounting to €
142.4 billion. As of 31 December 2024, the BMW Group had a workforce
of 159,104 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. Sustainability is a key component of
the BMW Group’s corporate strategy – from the supply chain through
production to the end of the use phase of all products.
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