Press Release

Braunschweig, Sittensen, 20 August 2020. Gerhard Künne (57) is the new Chairman of the Management Board of EURO-Leasing GmbH / MAN Financial Services Rental in Sittensen as of 1 August 2020. Gerhard Künne had been head of the Mobility Unit at Volkswagen Financial Services since 2017, where he was responsible for the business fields parking, charging, refueling, rental and car sharing. Prior to that, Künne held management positions at Volkswagen Leasing GmbH, serving as a member of the Management Board since 2009 and as its Chairman after 2012. Previous stations in the career of the leasing expert also included his appointment as Managing Director of Volkswagen Leasing Polska in Warsaw.

In his new function, Gerhard Künne succeeds Armin Hofer, who has taken over as head of the Dealership Management, Finance and Compliance department at Volkswagen AG. Gerhard Künne is married and has two children.
 
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Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial services of the Scania brand and Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, the bank and insurance business, fleet management and mobility offers. Volkswagen Financial Services have a total of 16,571 employees worldwide – including 7,414 alone in Germany. Volkswagen Financial Services report total assets of around EUR 223.5 billion, an operating result of EUR 2.96 billion and a portfolio of around 21.5 million current contracts (as at: 31.12.2019).