http://www.autonews.com/apps/pbcsi.dll/storyimage/CA/20160803/FINANCE_AND_INSURANCE/160809938/AR/0/AR-160809938.jpg
Robinson, left, and Smith, right.
BMW Group Financial Services for the Americas will be headed by longtime BMW executive Ian Smith, effective Jan. 1, 2017.
The captive’s current chief, Ed Robinson, 61, will retire as CEO at year end, a source told Automotive News. Robinson, a BMW veteran of 37 years, assumed his post at the captive finance arm in April 2005. Before that he was COO of BMW of North America, where he began his career at BMW in 1979.
A source familiar with the CEO change says Smith, 48, will replace Robinson, but a spokesman for BMW declined to comment.
Smith is currently BMW Group’s vice president of business development, marketing, compliance and strategy for financial services in Munich, a role he assumed in April 2015. Before that he was CEO of BMW Financial Services Great Britain, a role he assumed in April 2011, and president of GMW Group Financial Services Canada, a role he assumed in April 2008.
Smith joined BMW Group in June 1999. He has also held executive positions in the U.S. and Brazil.
A source said Smith will arrive at BMW headquarters in Westwood, N.J., to study under Robinson starting on Sept. 1.
BMW's captive for Americas poised for CEO change
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