Cembra Money Bank announces Holger Laubenthal as upcoming CEO

– SWITZERLAND, Zurich –  Cembra Money Bank (SWX: CMBN) today announced the appointment of Holger Laubenthal as new CEO of Cembra, effective 1 March 2021, succeeding Robert Oudmayer, who has expressed his wish to step down as CEO and take early retirement in the course of 2021.

“We are very delighted to have Holger Laubenthal as the new CEO to lead the future development of Cembra. Holger has a compelling industry track record in international consumer finance, combined with a strong leadership. He is also familiar with the Swiss market and knows Cembra as a leading Swiss player in consumer finance. This will allow him to continue the successful development of Cembra’s future.” said Board Chairman, Dr Felix Weber.

Robert Oudmayer, who has led Cembra for more than eleven successful years, will assist his successor in March 2021 to ensure a smooth transition. Thereafter, he will support the Board of Directors during the course of the year 2021.

“On behalf of the Board of Directors, I sincerely thank Robert for his outstanding contribution to the development of Cembra. He has been the driving force to position Cembra as a leading Swiss provider of financial solutions and services, led the IPO of the company in 2013, and built the strong position Cembra has today through organic growth and selected acquisition”, adds Dr. Felix Weber.

About Holger Laubenthal

Holger Laubenthal, a German national has long-term experience and comprehensive expertise in consumer finance, an acknowledged track record as a business leader as well as a good understanding of the international and Swiss consumer finance environment. He started his career with Daimler-Benz and later moved to General Electric’s consumer financing business in Switzerland, where he was active in different management positions from 2003 to 2006, followed by various roles with increasing responsibilities in GE’s consumer finance entities in Germany, Russia, USA, and the United Arab Emirates. Amongst others, Holger was a Member of the Executive Board of GE Money Bank Germany and served as the CEO of GE Money Bank in Russia. From 2016 to 2019, he acted as President & CEO of GE Inspection Technologies, based in both Germany and the USA. Most recently, he has been serving as President of the Consumer & Manufacturing division of the Kuwait-based Alghanim Industries Group.

Holger Laubenthal commented: “I am very excited to get the opportunity to lead Cembra and would like to thank the Board for the trust it places in me. Based on the strong market positioning and the unique corporate culture, I am committed to continuing the success story of Cembra to the benefits of our clients, our investors, and our staff alike.”

Holger Laubenthal obtained his Master of Science in Industrial Engineering from the Technical University of Berlin, followed by an MBA from the Harvard Business School.

About Cembra Money Bank

Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer finance products such as personal loans and auto leases and loans, credit cards and the insurance sold with these products, SME loans, invoice financing as well as deposit and savings products.

We have our headquarters in Zurich-Altstetten and operate across Switzerland through our network of branches, online distribution, as well as credit card partners, independent intermediaries, and car dealers.

We have over 1 million customers in Switzerland and employ more than 1,000 people from 36 different countries. In September 2019, we successfully completed our takeover of consumer credit provider cashgate. We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013.

For more information, visit https://www.cembra.ch/

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