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BMW finance chief to swap jobs with sales boss |
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MUNICH (Reuters) -- BMW finance chief Stefan Krause and Michael Ganal, the group's head of sales and marketing, will swap jobs as of Oct. 1, the company said today."Both have executed their offices with excellence over many years. Now they will bring their experiences into a new position," CEO Norbert Reithofer said in a statement.Krause and BMW have come under a lot of criticism for failing to build up a long-term financial hedge against a strong euro for the past three years, preferring to pin their hopes on a belief that the dollar would recover.
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