BMW Financial names Ole Jensen CEO

BMW Group Financial Services named Ole Jensen as president and chief executive in the U.S. and head of the captive’s Americas region, effective Aug. 1. [caption id="attachment_58352651" align="alignleft" width="84"] Ole Jensen[/caption] [caption id="attachment_58352649" align="alignright" width="80"] Brigit Boehm[/caption] Jensen, who has been the lender’s chief financial officer since October 2021, will succeed Brigit Boehm and will lead business strategy for the financier in the U.S. and provide oversight in Canada, Mexico and Brazil. He has held several other roles since joining the company’s risk management team in 2005. Boehm will become president and chief executive of BMW Brilliance Automotive , BMW Group’s joint venture in China. She has been with the company since 2018, first in global roles and then in the U.S. beginning in 2022. [caption id="attachment_58352650" align="alignleft" width="102"] Tobias Essig[/caption] Tobias Essig will succeed Jensen as CFO of the captive in the U.S. He has been general manager of finance and administration for BMW Group Spain and Portugal since 2020 and has held several other leadership positions since joining BMW Group in 1997. Arra Finance taps Open Lending’s Burbach as CRO [caption id="attachment_58352648" align="alignright" width="122"] Jason Burbach[/caption] Arra Finance last week named Jason Burbach as chief risk officer, according to a company update shared on LinkedIn . Burbach joins Arra from Open Lending where he spent five years leading risk management and credit teams. He most recently was chief credit officer. He has more than 26 years of experience in portfolio management and has held leadership roles at Exeter Finance Corp. and Skopos Financial . Toyota’s Gibson named group VP, Elkington retires Toyota Motor North America (TMNA) on June 2 announced Elizabeth Gibson has been named group vice president and general counsel of Toyota Legal One . In her new role, which took effect May 19, she leads legal strategy for TMNA, manages Toyota Legal One and oversees legal teams at Toyota de Mexico and Toyota Puerto Rico. Gibson will report to TMNA Chief Sustainability Officer and Chief Legal Officer Sandra Phillips . Gibson has been with the company for 19 years and most recently was vice president and deputy general counsel. Additionally, Toyota Global and North American Sustainability Executive Technical Advisor Susan Elkington is set to retire on Aug. 1 after 26 years with the company. Nalla new CRO of unsecured lending at Wells Fargo Wells Fargo named Ajit Nalla its CRO of unsecured lending and merchant services, including card, personal lending and retail services, according to his LinkedIn post. [caption id="attachment_58352645" align="alignright" width="154"] Ajit Nalla[/caption] The promotion is an expansion of his previous role as CRO of credit card and merchant services. Nalla has led three teams as CRO during his two years at the bank. Before joining Wells Fargo in 2023, Nalla spent 17 years at JPMorgan Chase, where he held several leadership positions including CRO of Chase Auto. Lucid taps Latz as global head of experience Lucid Motors named Jennifer Latz head of global experience, partnerships and talent, according to a LinkedIn post on June 20. She will oversee partnerships and immersive brand experiences, Latz said in the post. Latz joined the company from the National Football League ’s Kansas City Chiefs , where she was senior director of brand and consumer marketing for two years. Before that, she spent 15 years in leadership roles at Red Bull , including as the director of shopper marketing. Manheim appoints new GMs Musther, Lee [caption id="attachment_58352644" align="alignleft" width="100"] Ben Musther[/caption] Manheim Auction Services named Ben Musther general manager of Manheim Leeds. Jason [caption id="attachment_58352643" align="alignright" width="123"] Jason Lee[/caption] Lee was named general manager of Manheim Bristol, according to LinkedIn. Musther has held several operational roles over his 20-year tenure with the company. Lee joins the company from Copart where he held a similar role. He has 16 years of operations experience, including 10 years at retailer Asda overseeing retail stores and implementing strategic and operational plans. Register here for “Digital strategies for exceptional customer experience,” a free Auto Finance News webinar set for Tuesday, July 15, at 11 a.m. ET.

Federal Reserve announces emergency meeting on auto lending regulations • Click for details

MARKET SNAPSHOT

Management, Staffing Shuffles

BMW Financial names Ole Jensen CEO

Related Posts

Lenders eye expanded leasing options as affordability challenges grow

Forward-flow picks up steam as private investors eye auto finance

Dealers fight growing transport fraud, when scammers impersonate shipping companies

Auto finance dealer strategies evolve as profitability tightens in 2026

Bank of America consumer vehicle net charge-offs tick down

CarMax Auto Finance originations down 1.5%

Wells Fargo Auto originations soar 110% YoY

Chase Auto originations down 3% YoY

Daily Intelligence Brief

Sponsored

Why credit unions give dealers an edge in today’s auto market

Driving better decision-making across auto finance operations with SAS

Auto finance’s first line of defense: Raising the standard in integrated software partnerships and data strategy

Driving Innovation in Automotive Refunds: How Onbe and Allied Solutions Are Modernizing the Payment Experience

Navigating the Margin Squeeze: EVs, Tariffs & Pricing — A Q&A with Earnix

Enhancing credit approaches to boost conversion and dealer loyalty

Tesla announces new fleet financing program

About

Company

Daily Newsletter