Cembra Money Bank AG announced that the Board of Directors has appointed Holger Laubenthal as new CEO of Cembra, effective 1 March 2021. Holger Laubenthal will succeed Robert Oudmayer, who has expressed his wish to step down as CEO and take early retirement in the course of 2021, as announced on 22 October 2020. Holger Laubenthal 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 other, Holger was Member of the Executive Board of GE Money Bank Germany and served as the CEO of GE Money Bank in Russia.