Mike Dennett named new CEO of Alphabet GB
Mike Dennett, CEO of BMW Financial Services GB, is to assume the role of CEO for Alphabet in the UK from 1 January 2022.
Dennett will take on the new role in addition to his present responsibilities and will replace current incumbent Nick Brownrigg, who will move to a new role 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.
Alphabet GB has also announced the appointment of Ursula Wingfield as its new CFO from 1 November 2021. Wingfield is already the CFO for BMW Financial Services (GB) and will continue to hold this role too. She previously spent five years as CEO of Alphabet in the German market prior to her UK appointment.
Wingfield assumes the role from Stefan Oswald who, after almost five years with Alphabet, takes on a new opportunity as CFO for the BMW Bank GmbH in Italy, again effective from 1 November 2021.
Alphabet and sister organisation BMW Financial Services are both part of the BMW Group and the two firms already share some supporting functions and services.
All UK appointments are subject to Financial Conduct Authority approval.