NewzVille Business Desk
The BMW Group has announced changes in its Sales and Finance Management today. Jean-Philippe Parain, who currently serves as Head of the Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa, will assume responsibility for the MINI brand as of 1 October 2025.
Parain brings tons of international experience to the role and will be tasked with building on MINI’s current momentum. He joined the company in 1997 at BMW France in the marketing department.
Jean-Philippe Parain has held several key positions including President and CEO BMW Group Belux, Head of MINI Europe and Head of Sales Region Europe.
Under his leadership, the Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa saw particularly strong growth and reached segment leadership for the premium brands BMW and MINI.
Stefan Richmann, currently Head of the MINI brand, will take on the role of Head of Treasury and Investor Relations for the BMW Group, effective from 1 October 2025.
Under Stefan Richmann’s leadership, MINI has seen a strong sales increase by about 25% as per August 2025 compared to the previous year, with the new MINI model lineup resonating strongly with customers around the world. Especially the all-electric MINI models saw significant growth during the year.
As Head of BMW Group Treasury, Stefan Richmann will be responsible for the financing activities of the BMW Group, including liquidity management, pension investment and financial risk management.
Additionally, Richmann will have BMW Group Investor Relations, as part of his responsibility and will serve as the interface to the capital market.
Ritu Chandy, currently Head of BMW Group Treasury, will succeed Jean-Philippe Parain as Head of the BMW Group Sales Region Asia-Pacific, Eastern Europe, Middle East and Africa from 1 October 2025.
Ritu Chandy began her career with the BMW Group in 2001 at BMW Australia and has held senior management roles across BMW Group’s global footprint including CFO for BMW Group Financial Services of North America and CEO of the BMW Group Financial Services Asia-Pacific Region before relocating to Munich in April 2022 for her current position.
In this role, Ritu Chandy has driven change in capital market interaction and earned widespread respect with financial market stakeholders for her transparency, strategic approach and unwavering dedication.
