Changes to the Board of Management of Mercedes-Benz Bank AG

16.

December 2020

Stuttgart

Tom Schneider has been appointed to the Board of Management of Mercedes-Benz Bank AG with effect from January 1, 2021.
He will succeed Andreas Berndt, the Board of Management member for Operations, who is taking on the position of Head of Global Credit Risk Management at Daimler Mobility AG.
Andree Ohmstedt, the Board of Management member for Finance and Controlling, will retire on April 1, 2021.
Christina Schenck will take over as Head of Finance and Controlling on January 1, 2021.

Stuttgart. The Supervisory Board of Mercedes-Benz Bank AG has decided on changes to the Board of Management of Mercedes-Benz Bank AG, which is based in Stuttgart. Subject to approval by the German Federal Financial Supervisory Authority, Tom Schneider (48) has been appointed Board of Management member for Operations with effect from January 1, 2021. He will succeed Andreas Berndt (58), who will resign his position as Board of Management member at Mercedes-Benz Bank with effect from December 31, 2020 and will take on the position Head of Global Credit Risk Management at Daimler Mobility AG.

Andree Ohmstedt (59), Board of Management member for Finance and Controlling at Mercedes-Benz Bank, will resign from his position with effect from March 31, 2021 and will retire. Effective January 1, 2021, Christina Schenck (41) will take over the position of Head of Finance and Controlling at the Mercedes-Benz Bank, initially below the board level, and will report to Benedikt Schell. Christina Schenck is currently Head of Credit and Operations at Daimler Mobility Africa & Asia Pacific in Singapore.

Peter Zieringer, Chairman of the Supervisory Board of Mercedes-Benz Bank said: “We thank Andreas Berndt and Andree Ohmstedt for their commitment and their outstanding work at Mercedes-Benz Bank. Both board members have shaped the development of our company for a long time and have decisively contributed to the success over the past years. We wish Andree Ohmstedt all the best in his new chapterin life and Andreas Berndt every success with his new role at Daimler Mobility AG. With Christina Schenck and Tom Schneider, we were able to bring executives with a lot of experience to the upper management level. The Supervisory Board wishes them both much success and a good start in their new roles.”

Christina Schenck joined the former Daimler Financial Services AG in Berlin in 2005. Different assignments and management positions within the Daimler financial services division took her to places including Farmington Hills in the United States and Melbourne in Australia in the last years.

Tom Schneider started at the former Mercedes-Benz Finanz GmbH in Stuttgart in 1998. In the following years he managed numerous projects in the operational business, including sales, Business Development , and the creation of the Service Center in Berlin. As the new Board of Management member for Operations he will continue his previous task as Head of the Operations Service Center Mercedes-Benz Bank & Europe.

The Board of Management of Mercedes-Benz Bank will thus be composed as follows with effect from January 1, 2021: Benedikt Schell, Chairmain of the Board; Ilka Fürstenberger, Sales and Marketing, Andree Ohmstedt, Finance and Controlling (until March 31, 2021); Tom Schneider, Operations; Marc Voss-Stadler, Risk.

With around 2,000 employees, Mercedes-Benz Bank is one of Germany’s leading automotive banks. The company booked new leasing and financing contracts for cars and commercial vehicles to the value of €13.3 billion in the past year. The total portfolio of all contracts managed by Mercedes-Benz Bank amounted to €25.9 billion at the end of 2019 . The customer investments in the banking business had grown to €11.9 billion by the end of 2019 . The deposit volume provides Mercedes-Benz Bank with a basis for refinancing leasing and financing offers for Daimler vehicles.