Netherlands-based leasing and fleet management company LeasePlan has appointed a chief financial officer who will also sit as a member of the board.
Jochen Sutor joins LeasePlan from Commerzbank, where he served the last six years as global head of finance. Sutor also worked for the Mercedes Bank Group from 2009-2012. At LeasePlan, he will be responsible for further developing the finance function and supporting the delivery of Leaseplan’s strategic agenda.
Jos Streppel, chairman of the supervisory board, said: “I am delighted to welcome Jochen Sutor to the LeasePlan managing board. Jochen brings with him a unique combination of experience in banking and automotive financing, as well as a strong track record in risk management and leadership. This experience will be invaluable to LeasePlan as it continues to its next stage of development. I would also like to thank our SVP Corporate control Toine van Doremalen for stepping into the role and his significant contributions to our business over the past months.”
As of 1 October 2019, LeasePlan’s managing board will comprises of Tex Gunning, chief executive officer and chairman of the managing board, Jochen Sutor as chief financial officer, Yolanda Paulissen as chief strategic finance and investor relations officer, and Franca Vossen as chief risk officer. The appointment of Jochen Sutor is subject to approval by the Dutch Central Bank.
LeasePlan’s previous chief financial officer and Europe chief operating officer stepped down from the board last November by mutual agreement.
Gijsbert de Zoeten, previously senior vice president for finance and chief financial officer, left along with chief operating officer for Europe, Marco van Kalleveen. Van Kalleveen’s position was eliminated and its responsibilities taken over by chief executive officer Tex Gunning.
The underlying net result for Netherlands-based leasing and fleet management company Leaseplan was €149.6m (£132m) for the first quarter of the year, down 7.1% year-on-year.
The results were ascribed primarily to higher investments in CarNext.com and Digital LeasePlan.