Press Release

Braunschweig, 1 July 2021. Anthony Bandmann, currently President and CEO of VW Credit, Inc. (VCI) based in Herndon (USA), will move to the Board of Management of Volkswagen Financial Services AG on 1 October 2021, where he will assume responsibility for Sales. This position has been held since October 2018 by Lars Henner Santelmann, Chairman of the Management Board of Volkswagen Financial Services AG, in addition to his existing duties. Santelmann explains the appointment as follows: "Volkswagen Financial Services are currently transforming their previous country-based structure in Europe into an organization focused on sales channels. Anthony Bandmann's experience from the restructuring of our North American business is of benefit to this process and provides valuable impetus."

Anthony Bandmann, a 48-year-old business administration graduate, first came to Braunschweig in 2012 to take up the post of Chairman of the Management Board at Volkswagen Bank GmbH. In addition to this function, he also served as Managing Director of Volkswagen Versicherungsdienst. From September 2017 to June 2019, Bandmann was Chairman of the Management Board of Volkswagen Leasing GmbH, before then moving to VCI. Bandmann has U.S. citizenship, is married and has a son and daughter.

With effect from 1 October 2021, the Management Board of Volkswagen Financial Services AG will therefore comprise Lars Henner Santelmann (Chairman), Frank Fiedler (Finance), Anthony Bandmann (Sales), Dr. Alexandra Baum-Ceisig (Human Resources) and Dr. Mario Daberkow (IT).


Information for editors:
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 16,558 employees worldwide – including 7,472 alone in Germany. Volkswagen Financial Services report total assets of around EUR 225.6 billion, an operating result of EUR 2.8 billion and a portfolio of around 21.9 million current contracts (as at: 31.12.2020).