Dr. Alexander Schubert takes over the position of Chief Executive Officer at Mercedes-Benz Finans Sverige and Denmark – Michael Kanzleiter to retire from Mercedes-Benz

• Michael Kanzleiter, current CEO of Mercedes-Benz Finans Sverige and Denmark, to retire from Mercedes-Benz after a long and successful career
• Dr. Alexander Schubert to succeed Michael Kanzleiter as CEO of Mercedes-Benz Finans Sverige and Denmark

- Michael Kanzleiter, currently CEO of Mercedes-Benz Finans Sverige and Denmark, has decided to retire from Mercedes-Benz by the end of this year. Effective December 1, 2024, Dr. Alexander Schubert, will succeed Kanzleiter in his role as CEO of Mercedes-Benz Finans Sverige and Denmark, ensuring a smooth transition in the market.

Michael Kanzleiter started his career with the captive finance arm of Mercedes-Benz in Stuttgart, Germany, and subsequently held several positions within the Mercedes-Benz Mobility Group. Among other roles, he was responsible for Marketing & Communications at Mercedes-Benz Financial Services in the U.S. and served as CEO of Mercedes-Benz Financiamento Portugal. In addition, he was Sales Director of Mercedes-Benz Bank AG in Germany before assuming the role of CEO for the Scandinavian cluster of Mercedes-Benz Mobility in 2019.

“Michael was one of the digital pioneers during his time in the U.S. and drove profitable growth in all markets under his responsibility as Sales Director and CEO. With Mercedes-Benz Financial Services Sweden, he was responsible for the global pilot market introducing Direct Sales at Mercedes-Benz Mobility. His leadership, expertise and passion for the business were vital to this success. I want to thank Michael for his outstanding contribution and wish him all the best in his next endeavours.”

Franz Reiner, Chief Executive Officer of Mercedes-Benz Mobility AG

Alexander Schubert is currently the CEO of Mercedes-Benz Financial Services in Poland and brings over 25 years of experience in the captive finance industry to his new role in Scandinavia. He has held various leadership positions at Mercedes-Benz Mobility Headquarters and across the globe, including CEO of Mercedes-Benz Financial Services Taiwan and CFO of Mercedes-Benz Finance in Japan.

“Alexander brings a wealth of knowledge and extensive international experience to his new role. His commitment to excellence, leadership and passion for the business were key success factors in his previous roles and will be instrumental in driving the continued growth of our Scandinavian cluster. I wish him success in this exciting new assignment.”

Franz Reiner, Chief Executive Officer of Mercedes-Benz Mobility AG

Mercedes-Benz Mobility at a glance

With around 10,000 employees, Mercedes-Benz Mobility specialises in financial and mobility services. The products range from financing, leasing, vehicle subscription, rental and fleet management to insurance, innovative mobility services, digital payment solutions as well as products and services around charging. Mercedes-Benz Mobility is a division of Mercedes-Benz Group AG, which also includes the vehicle manufacturer Mercedes-Benz AG, one of the largest suppliers of premium and luxury passenger cars and vans. Mercedes-Benz Group AG is one of the most successful automotive companies in the world. As financial services provider, Mercedes-Benz Mobility entities support sales of the Mercedes-Benz Group's automotive brands worldwide. In addition, Mercedes-Benz Mobility offers comprehensive products and services in the fields of charging at home, at public and for business use cases. In Germany, Mercedes-Benz Bank is one of the leading vehicle financing banks. Flexible mobility offers such as Mercedes-Benz Rent or EQ subscription, enable an uncomplicated and flexible entry into e-mobility, complementing the service portfolio. With its subsidiary Athlon, Mercedes-Benz Mobility is present in Europe in operational fleet management and vehicle leasing and is responsible for around 400,000 vehicles. In addition, Mercedes-Benz Mobility invests in the market for urban mobility services: The FREE NOW Joint Venture is a pioneer of multimodal mobility with its digital Mobility-as-a-Service platform. The Digital Charging Solutions GmbH (DCS), which is behind the CHARGE NOW Joint Venture, brings together drivers of electric vehicles and charging station operators. The portfolio also includes StarRides – a limousine transport service joint venture in China – and the participation in the Berlin chauffeur service Blacklane. In 2023, Mercedes-Benz Mobility financed or leased around every second of the Mercedes-Benz Group's vehicles sold worldwide. This corresponds to a contract volume of 135.0 billion €. The business segment generated sales of 26.7 billion € in 2023 and achieved an EBIT adjusted of 1.7 billion €. Mercedes-Benz Mobility operates in 34 countries.