Andreas Modlmayer Appointed New MD and CEO of BMW India Financial Services, Succeeds Jaeojoon Lee

New Delhi, May 21: BMW India Financial Services on Wednesday announced the appointment of Andreas Modlmayer as its new Managing Director and Chief Executive Officer. Modlmayer, whose last assignment was CEO of BMW Austria Bank in Greece, succeeds Jaejoon Lee, who is returning to BMW Korea, the company said in a statement. Toyota RAV4 Hybrid Globally Unveiled: Toyota Motor Introduces New 6th Generation RAV4 Model with Advanced Tech and Electric Powertrain, Skips Petrol-Only Version; Check More Details.

He has been associated with the BMW Group since 2000. He brings rich experience of working in leadership positions for BMW Group Financial Services across several other markets such as New Zealand, China, Hong Kong, it added. Modlmayer began his career with BMW Bank GmbH Munich in sales and marketing function. Luminar Layoffs: US-Based LiDAR and Self-Driving Tech Developer Cuts More Jobs Amid Ongoing Restructuring, Sudden Departure of CEO Austin Russell.

"Andreas Modlmayer brings with him valuable expertise and leadership acumen, with successful development of BMW Financial Services in diverse markets for over two decades. India is an important market for us, and we are confident that he will further add to the company's growth as he takes charge of BMW India Financial Services," said Lisa Ng, Regional Chief Executive Officer of BMW Group Financial Services for Asia Pacific.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)