Jim O'Donnell is set to take up a new position as president and COO of the luxury carmaker's North American division.

Klaus Kibsgaard will replace O'Donnell from next month after leaving his current role as president of BMW Portugal.

Previously Kibsgaard worked for General Motors, holding several roles across Europe. “I am thrilled to be offered the opportunity to manage BMW's third largest market,” said Kibsgaard. “Jim and the management team at BMW UK have done a terrific job culminating in 2007's record results. I hope to carry on from this high level and further the successful record for the BMW and Mini brands.” O'Donnell has held the position of BMW UK managing director for eight years, during which time he has enjoyed significant sales growth for both the BMW and Mini brands. He said he was proud of his past record but looking forward to a fresh challenge. “I am looking forward to my new challenge in BMW's largest market,” said O'Donnell. “I will miss my colleagues and, of course, the dealers who have helped to build our success in the UK.”