Mercedes-Benz has disclosed plans to merge its vehicle sales and financial services into a single entity by the end of the year.
A key element of this restructuring is the planned merger of Mercedes-Benz Mobility AG into Mercedes-Benz AG, which is set to take place on 31 December 2025, pending necessary regulatory approvals.
Certain essential functions of the financial services sector will continue to be managed under the Mercedes-Benz Financial Services unit to adhere to regulatory standards.
Franz Reiner, who has served as the Mercedes-Benz Mobility board of management chairman, will depart from the company “at his own request” on 31 December 2025, by mutual agreement.
Reiner's departure follows a career that commenced in 1992 with the trainee programme at the erstwhile Daimler-Benz, leading to a succession of leadership roles within the company.
Mercedes-Benz Group board of management member and Mercedes-Benz Mobility supervisory board chairman Harald Wilhelm said: “With his visionary and value-driven leadership, Franz Reiner has shaped the development of Mercedes-Benz Mobility for more than three decades.
“Through his international experience, he has played a decisive role in advancing the success and sustainable growth of our financial services business, positioning the organization for the future. We sincerely thank him for his outstanding dedication, integrity, and pioneering spirit, and wish him all the very best for the future.”
Peter Henn, who is presently the president and CEO of Mercedes-Benz Financial Services USA, will take on global leadership of the financial services division effective 1 May 2026.
During the transition, Tolga Oktay, currently a member of the Board of Management for Finance and Controlling at Mercedes-Benz Mobility, will assume interim responsibility for the financial services business, reporting directly to Harald Wilhelm.
The announcement comes in the wake of Mercedes-Benz Cars reporting a 3% quarter-on-quarter sales decline from the previous quarter and 12% from the same period in the last year.
