WOODCLIFF LAKE, N.J. — BMW Group Financial Services revealed
several changes to its executive team in the U.S. which will all take effect on
June 1.

The moves include:

—Shaun Bugbee, formerly vice president of sales and marketing,
will move to Germany where he will assume the role of head of new markets for
Europe. 

—Fred Isele, as a continuing member of the executive committee,
will take on the responsibilities as vice president of sales and marketing for
BMW Group Financial Services, supporting BMW, Mini, Rolls-Royce and BMW motorcycles. 

Isele's experience with the BMW Group began in 1990 with BMW
North America and he later joined BMW Financial Services in 2001. Isele has
been a member of the Alphera Financial Services team since 2006, becoming president
for Alphera in 2008.

—Steve Swecker, currently general manager of sales analytics
for BMW Group Financial Services, has been promoted to the executive committee
as president of Alphera Financial Services.

Swecker has been with BMW Financial Services since 1995,
holding various regional managerial roles in both Chicago and the company's
regional service center in Ohio, as well as an international assignment in
Munich, Germany in 2005. Swecker returned to New Jersey and his current role in
2011.

—Michael van Bemmel has been appointed as general manager of
sales analytics, reporting directly to Isele. van Bemmel will begin his new
post July 1.

van Bemmel began his career at BMW Financial Services in
June 1994 and has held numerous roles including general manager of sales and marketing
for the Western region, general manager of commercial finance sales operations
and his current position as marketing manager.

As part of the new reorganization, the company said van
Bemmel will continue to have responsibility over the marketing department.

Ed Robinson, president and chief executive officer of BMW
Group Financial Services highlighted that both BMW Financial Services and
Alphera Financial Services have consistently been recognized as segment leaders
in the annual J.D. Power awards for customer service where the company's
regional structure continues to foster best practices on both an international
and domestic scale.

"These changes will continue that focus," Robinson said.

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