Leasing and mobility provider Alphabet (GB) has announced a change in its structure with the current CEO of BMW Financial Services (GB) also taking the same role at sister company Alphabet.
Effective January 01 2022, Mike Dennett becomes the new CEO of Alphabet while retaining his current responsibilities at BMW.
Effective January 01, outgoing Alphabet CEO, Nick Brownrigg, is moving to a brand new role in the Netherlands where he will be CEO of BMW Group Financial Services, taking responsibility for both the retail financial services business as well as the fleet leasing and mobility operations. Brownrigg has been CEO of the GB operation since 2016.
In addition, Ursula Wingfield takes on the role of chief financial officer (CFO) for Alphabet (GB), in addition to her current role as CFO for BMW Financial Services (GB), a position she has held since August 2020.
Wingfield is no stranger to the Alphabet operation, having spent five years as CEO of Alphabet in Germany.
To complete the leadership moves, current Alphabet CFO Stefan Oswald will take on a new role as CFO for the BMW Bank GmbH in Italy, effective November 01, 2021.
In the UK, Lloyds Banking Group has a not dissimilar leadership structure, with Richard Jones managing director of motor retail business Black Horse Finance and Lex Autolease, the UK’s largest leasing company.
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