Germany’s largest lessor Deutsche Leasing has appointed Kai
Ostermann as its new CEO from August 1.

He replaces well-known leasing veteran
Hans-Michael Heitmueller, who will retire with the expiration of
his contract on July 31, after 11 years at the helm of the

Ostermann joined Deutsche Leasing’s managing
board in 2006 and has served as second-in-command since October
2008, heading a number of business units and key strategic

Prior to joining the board, he was MD of
Deutsche Leasing’s majority-interest subsidiary, DAL Deutsche
Anlagen-Leasing GmbH.

He started his professional career in 1993 at
Landesbank Schleswig-Holstein in Kiel, where he was junior manager
of corporate, leasing and project finance.

Heinrich Haasis, supervisory board chair of
Deutsche Leasing and president of the German Savings Bank
Association, said: “A home-grown successor with extensive expertise
and experience in leasing business allows us to smoothly continue
on our successful growth path of the last few years.”

The supervisory board designated Ostermann as
Heitmüller’s successor last year, to ensure visibility and an
efficient transition of power.

Antonio Fabrizio