Gurgaon-headquartered BMW Financial Services India, a subsidiary of the BMW Group, has appointed Kathrin Frauscher as its new MD and CEO. She succeeds Andre Van Rheenen.
Kathrin Frauscher has been associated with the BMW Group since 2007. In her last assignment, she was the CEO of BMW Financial Services Denmark. Prior to that, Frauscher was Head of Sales Performance for BMW Financial Services Northern Europe.
She has rich experience of working with the BMW Group in retail performance as well as MINI brand management. She holds a degree in International Business Administration from the Vienna University of Economics and Business Administration. BMW Financial Services India operates with three verticals— Retail Finance, Commercial Finance and Insurance Solutions (as corporate agents).
Ritu Chandy, regional CEO, BMW Group Financial Services for 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 business as she takes charge of operations in India. Frauscher has significant knowledge and has demonstrated long-standing dedication and commitment to her markets which are the best prerequisites for good leadership.”