LeasePlan Corporation NV has named Jochen Sutor as its new chief financial officer (CFO) and member of the Managing Board, effective 1 October 2019.

Jochen Sutor joins LeasePlan as CFO from 1 October 2019

His appointment follows the departure last November of former CFO Gijsbert de Zoeten who left the business alongside Marco van Kalleveen, chief operating officer Europe, both under mutual agreement. It’s not known whether the departures are connected to LeasePlan’s decision in October 2018 to cancel its planned IPO due to “market conditions”.

Since then, the CFO role has been covered by SVP corporate control Toine van Doremalen.

Sutor’s appointment, which is subject to approval by the Dutch Central Bank (DNB), will see him become responsible for further developing the Finance function and supporting the delivery of the firm’s strategic agenda.

He joins LeasePlan from Commerzbank AG, where he served the last six years as Global head of finance.

Jos Streppel, chairman of the Supervisory Board, commented: “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.”

He added: “I would also like to thank our SVP corporate control Toine van Doremalen for stepping into the CFO role and his significant contributions to our business over the past months.”