Mike Dennett named new CEO of Alphabet

Mike Dennett, CEO at BMW Financial Services (GB), will also become CEO of Alphabet in the UK from January 1, 2022.

Current CEO of Alphabet (GB), Nick Brownrigg, who has held the role since 2016, will take up a new position as CEO of BMW Group Financial Services in the Netherlands. The newly created role combines responsibility for both the retail financial services business, as well as the fleet leasing and mobility operations.

Other leadership team changes have been announced. Ursula Wingfield takes on the role of chief financial officer (CFO) for Alphabet (GB) from the beginning of November, in addition to her current role as CFO for BMW Financial Services (GB), a position she has held since August 2020.

She previously spent five years as CEO of Alphabet in the German market prior to her UK appointment

Meanwhile, after almost five years with Alphabet, present CFO Stefan Oswald will take on a new role as CFO for the BMW Bank GmbH in Italy, effective from November 1.

All UK appointments are subject to Financial Conduct Authority (FCA) approval.

Alphabet and BMW Financial Services are sister organisations within the BMW Group and some supporting functions and services are already shared between the two companies. Both businesses are also regulated by the FCA.

Already actively collaborating in the field of innovation, the two companies have participated together in BMW Group UK Innovation Labs over recent years with great success.