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PRECEDE Undated BMW Names Sommer Chief Financial Officer For U.S. Operations

May 31, 1994

WOODCLIFF LAKE, N.J. (AP) _ BMW AG said Tuesday that Karl Sommer will become executive vice president and chief financial officer of BMW (US) Holding Corp.

Sommer succeeds Wolfgang Stofer, who will move to the BMW Group in Munich.

The appointment puts Sommer in charge of financial matters for BMW’s North American units, BMW of North America Inc., BMW Canada Inc. and BMW Manufacturing Corp., the company said in a written statement.

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