BMW Financial Services India appoints Kathrin Frauscher as the new Managing Director and Chief Executive Officer. -PTI
Prior to this, Frauscher was working as the CEO of BMW Financial Services in Denmark and has been associated with the BMW Group since 2007. She has also worked as the Head of Sales Performance for BMW Financial Services in Northern Europe and has significant experience of working with the BMW Group in retail sales for BMW and Mini Cars.
On Frauscher’s appointment, Ritu Chandy, Regional Chief Executive Officer of BMW Group Financial Services for the Asia Pacific said, “Kathrin Frauscher made a major contribution to the success of BMW Financial Services Denmark in the last few years. We are confident that she will continue the successful development of the business as she takes charge of operations in India.”
Ms. Frauscher has significant knowledge and has demonstrated long-standing dedication and commitment to her markets which are the best prerequisites for good leadership.” Ritu added.
Kathrin Frauscher succeeds Andre Van Rheenen. During the tenure of Rheenen, BMW Financial Services India successfully maintained its position as a premium provider of end-to-end automotive financial solutions in India.
BMW Financial Services India, a 100% subsidiary of the BMW Group, is headquartered in Gurgaon (National Capital Region) and started operations since June 2010. BMW Financial Services India operates with three business lines: Retail Finance, Commercial Finance and Insurance Solutions (as corporate agents). The services offered through BMW Financial Services India are significantly valuable to the premium clientele of BMW, MINI and Motorrad who require exclusive and flexible financial solutions. Service excellence is the primary focus of operations across all business lines.