Grenke, a global financing partner for small and medium-sized enterprises, has announced the upcoming resignation of its board director Isabel Rösler, effective 31 December 2024.

The Germany-based company reports that Rösler had requested to step down from her role.

On 1 January 2021, Rösler assumed the role of the company’s chief risk officer (CRO).

She is responsible for overseeing some of Grenke’s key internal control functions, including information security, risk controlling, compliance, anti-money laundering, as well as data protection.  

Additionally, Rösler manages the Credit Center and the Administration Department.

Rösler said: “The turn of the year is an opportune time to hand over the reins and pursue new opportunities.

“Grenke has successfully navigated the impact of the Covid-19 pandemic and the interest rate shock, enabling it to regain its former sales strength, with my active involvement.

“In my area of responsibility, I have implemented the structural and personnel decisions necessary for the Company to sustainably achieve its ambitious growth targets in the future within a challenging regulatory environment.” 

Known for its manufacturer-independent leasing services, Grenke operates in more than 30 countries.

The company offers a range of products tailored for small and medium-sized companies, including bank products, small-ticket leasing, and factoring services.

Grenke supervisory board chairman Jens Rönnberg said: “The supervisory board acknowledges and deeply regrets Ms Rösler’s decision and extends its sincere appreciation for her valuable contributions during her time at Grenke.

“Her experience and strong dedication have had an impact on the company’s success in recent years and have helped shape the group. The supervisory board has already begun the necessary steps for succession planning.”

Earlier this year, Grenke’s supervisory board appointed Martin Paal, the company’s former finance head, as its new chief financial officer. The appointment came into effect on 1 July 2024.