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Bank appoints new CEO

He will succeed Robert Oudmayer, who will step down and take early retirement.

Bank appoints new CEO

Holger Laubenthal is the new CEO of Cembra Money Bank, effective from 1 March. He will succeed Robert Oudmayer, who will step down and take early retirement, as announced in October.

Laubenthal was most recently president of the consumer and manufacturing division of Kuwait-based Alghanim Industries Group. He previously spent many years at General Electric. From 2016 until 2019, he was president and CEO of GE Inspection Technologies, based in Germany and the US, CEO of GE Money Bank Russia and on the executive board of GE Money Bank Germany.

Oudmayer led the bank for over 11 years, and will support the transition in March and assist the board of directors throughout 2021.

Chairman Felix Weber said: ‘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.

‘On behalf of theboard 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.’

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