The car manufacturer bmw surprisingly replaces his chief financial officer. Walter Mertl (49) is to succeed the current incumbent Nicolas Peter (60) in May, as the Dax group announced on Thursday. According to the Munich company, Peter will retire after the Annual General Meeting on May 11, 2023. Peter has been a member of the Management Board since 2017 and has been with the Group for over three decades.
Mertl has been in charge of corporate controlling at the BMW Group for the past few years and has been with the company since 1998. He held various management positions in the finance and sales departments Germany and Great Britain inside Among other things, he was responsible for central functions in reporting, group accounting and group controlling. “Walter Mertl has been demonstrating his high technical expertise and leadership skills for more than two decades in various managerial positions in the finance and sales departments of the BMW Group,” said Norbert Reithofer (66), Chairman of the Supervisory Board.
At the same time, he praised Mertl’s predecessor effusively: “Nicolas Peter, as strategic CFO, was a stroke of luck for the BMW Group,” said Reithofer. He had a decisive influence on the development of the group. The company owes him great progress in the transformation – “with a simultaneous focus on its long-term profitability.”
Peter will be 61 years old in April. Born in Mannheim, he has a doctorate in law and started at BMW in 1991. After various positions in the finance department and in sales in Belgium, France and Sweden, as well as at the group headquarters, he became Head of Sales for Europe in 2011 and was appointed Chief Financial Officer in January 2017.