Two automotive industry leaders combine efforts to transform consumer mobility
Witt will serve as Platform Vice President, Northeast
The acquisition will allow the company to expand its offerings to include commercial insurance products and services
Deal will create one of the nation's largest family-owned dealer networks with significant charitable impact
Mount Laurel, NJ, (February 3, 2016): Holman Automotive, one of the largest privately-owned dealership groups in the United States, with over 38 retail franchises 17 brands from the East Coast to the Pacific Northwest, today announced that Petter Witt will be joining the company as Platform Vice President, Northeast. He will be responsible for Holman’s 10 stores located throughout Pennsylvania and New Jersey; the general managers of each store will report to Witt.
“We are very pleased to welcome Petter to the Holman Automotive family,” said President and CEO of Holman Consumer Services Brian R. Bates. “His wealth of experience in the retail automotive sector combined with his global perspective of the automotive industry will bring tremendous value to the organization. I could not imagine a better fit and we are glad to have him on board.” Witt will report to Gene Welsh, Executive Vice President for Holman Automotive.”
Witt joins Holman Automotive from BMW, where he was for 17 years. He has held numerous strategic leadership positions within the organization, most recently serving as Executive Vice President, Operations for BMW North of America, responsible for all of BMW’s sales operations within the U.S. He joined BMW of North America in 1999 as a Management Associate, and held several different positions with increasing responsibility, eventually moving to Munich to serve as Sales Director for Africa, the Caribbean and Eastern Europe. In 2013, he became the Managing Director of BMW Sweden, and returned to the U.S. in 2014 to serve as the Regional Vice President, Western Region for BMW of North America. During his time in this role, the Western Region became the largest market in the U.S. for the first time since 2006.
A native of the Philadelphia region, Witt received a B.S. in Business Administration from Skidmore College in Saratoga Springs, New York.
Holman Automotive is one of the largest privately-owned dealership groups in the United States, with over 38 retail franchises 17 brands from the East Coast to the Pacific Northwest. Beginning in 1924 as a single Ford dealership, Holman is a family-owned business that focuses on building relationships and investing in people. With values rooted in the principles established by founder Steward C. Holman, the company continues to promote a culture of philanthropy, which supports organizations such as the United Way and others important to the Holman team. Holman Automotive is one of six businesses owned by Holman Enterprises, which include Steward Financial Services, an auto retail finance company; Holman Insurance Services, a commercial and consumer insurance services company providing a full array of insurance products to retail customers and customized insurance and risk management solutions to commercial clients; Holman Parts Distribution, a national multi-brand powertrain parts distributor; Auto Truck Group, a truck up-fitting business; and ARI, the largest privately-owned fleet leasing and management company in North America.