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: https://newsroom.bmwgroup.com/global/en

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. 

www.bmwgroup.com

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The BMW Group Change Maker Fellowship builds on the long-term partnership between ESMT and the BMW Group. After supporting displaced women from Ukraine and young professionals from Central and Eastern Europe, the 2024 edition will focus on digitalization to cultivate tech-savvy future leaders in key countries.

“We at the BMW Group are deeply committed to making positive changes in the world. We also recognize that a multilateral and decentralized approach must be taken to achieve this goal. Therefore, I am very delighted that we are partnering again with ESMT to support young professionals. It is our common goal to help them become the leaders we need to shape future individual mobility”, says Ilka Horstmeier, Member of the Board of Management of BMW AG, People and Real Estate, and Labour Relations Director.

“The integration of technical and business knowledge is crucial to develop leaders capable of addressing the complex challenges of the future, thereby making a significant positive impact on their organizations and society,” adds Jörg Rocholl, President of ESMT. “I am delighted to continue our partnership with BMW Group. With their support, we are able to cultivate the next generation of change makers and innovators.”

The ESMT Global Online MBA is the first completely online program at the international business school. Decision-making, analytics, and innovation are at the core of the program. The innovative course design is modular and allows students to study at times that fit their schedules and at their own pace. Students may complete the program in 24 months or take up to five years. There is no physical attendance required, so students may participate from any location.

BMW Group Change Maker Fellowship application requirements include:

• ESMT Global Online MBA general application requirements
• Hold an undergraduate degree, or current employment, in mathematics and/or technology (e.g., computing, information technology, automation, digitalization)
• Be aged 30 or younger on September 1, 2024
• Be a citizen or permanent resident of Germany, India, Portugal, Romania, or South Africa; those holding refugee status in Germany are also invited to apply.
• When applying for the BMW Group Change Maker Fellowships, candidates will be asked to answer the following question: the BMW Group seeks to actively shape the future of mobility; what aspect of a digital future fascinates you the most and why?
  
  

In total, the BMW Group currently employs over 9,400 people worldwide in IT & software development. It has been pooling the company's IT expertise in IT and software hubs worldwide since 2018. In addition to the locations in Germany, South Africa, the USA, Portugal and China, there are now two more in Romania and India. The hubs have their own distinctive tech culture and a high degree of autonomy, making them attractive places to work for regional talent pools. This is why we are offering the 2024 Change Maker Fellowships with focus on digitalization to select countries of our BMW Group IT-Hub network.

More information on the fellowship and the application process may be found here.

If you have any questions, please contact:

BMW Group Corporate Communications

Milena Pighi
Communications Human Resources, Working Environment, Real Estate, Corporate Citizenship
Spokesperson Corporate Citizenship
Email: milena.pa.pighi@bmw.de
Telephone: +49-89-382-66563
Media website: https://newsroom.bmwgroup.com/global/en
Email: presse@bmwgroup.com

ESMT Berlin
Kim Matthies
PR Manager
Email: kim.matthies@esmt.org
Telephone: +49-151-1457-1830

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 2023, the BMW Group sold over 2.55 million passenger vehicles and more than 209,000 motorcycles worldwide. The profit before tax in the financial year 2023 was € 17.1 billion on revenues amounting to € 155.5 billion. As of 31 December 2023, the BMW Group had a workforce of 154,950 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.

www.bmwgroup.com
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About ESMT Berlin
ESMT Berlin is a leading global business school with its campus in the heart of Berlin. Founded by 25 global companies, ESMT offers master, MBA, and PhD programs, as well as executive education on its campus in Berlin, in locations around the world, online, and in online blended format. Focusing on leadership, innovation, and analytics, its diverse faculty publishes outstanding research in top academic journals. Additionally, the international business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is a non-profit private institution of higher education with the right to grant PhDs and is accredited by AACSB, AMBA, EQUIS, and ZEvA. It is committed to diversity, equity, and inclusion across all its activities and communities.