BMW Group has announced key leadership changes across its Sales and Finance divisions as part of a strategic reorganization.
Effective October 1, 2025, Jean-Philippe Parain will take over as Head of the MINI brand. Currently leading the Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa, Parain brings nearly 30 years of experience with BMW Group. His past roles include President & CEO of BMW Group Belux, Head of MINI Europe, and Head of Sales Region Europe. Under his leadership, the Asia-Pacific and surrounding regions saw strong growth and achieved segment leadership for both BMW and MINI.
Meanwhile, Stefan Richmann, the current Head of MINI, will transition to become Head of Treasury and Investor Relations for BMW Group. During his leadership, MINI recorded approximately 25% sales growth through August 2025, driven in large part by the success of its all-electric models.
Stefan Richmann, who will soon lead BMW Group’s Treasury and Investor Relations, began his career with the company in 1997. Over the years, he has held several key finance roles, including CFO of BMW Spain, CFO of BMW North America and Head of BMW Financial Services America. He also led Corporate Strategy starting in April 2022 before being appointed head of MINI in 2024.
Ritu Chandy, currently serving as Head of BMW Group Treasury, will succeed Jean-Philippe Parain as Head of Sales Region Asia-Pacific, Eastern Europe, Middle East, and Africa. Chandy joined BMW Group in 2001 at BMW Australia and has since held multiple senior leadership positions across the company’s global operations.
Her background includes positions as CFO for BMW Group Financial Services of North America and CEO of BMW Group Financial Services Asia-Pacific Region before moving to Munich in April 2022 for her current Treasury role. In her Treasury position, Chandy has been recognized for driving improvements in capital market interaction and earning respect from financial market stakeholders.
“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,” said Jochen Goller, Member of the Board of Management of BMW AG, responsible for Customer, Brands and Sales.
Walter Mertl, Member of the Board of Management responsible for Finance, praised both Richmann’s performance with MINI and Chandy’s contributions to Treasury operations. “Stefan Richmann has done an outstanding job in steering the MINI brand into the future,” Mertl said, while noting Chandy’s success in strengthening BMW Group’s reputation in financial markets.
The leadership changes reflect BMW Group’s continued focus on leveraging executive expertise across different divisions while maintaining growth momentum in key markets and brand segments. All three appointments take effect simultaneously on October 1, 2025.
BMW Group, which encompasses the BMW, MINI, Rolls-Royce and BMW Motorrad brands, sold 2.45 million passenger vehicles and more than 210,000 motorcycles worldwide in 2024, generating revenues of €142.4 billion.
