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November 28, 2015 6:31 AM ET

Consumer Finance

Company Overview of Volkswagen Financial Services AG

Company Overview

Volkswagen Financial Services Aktiengeselschaft provides various automobile financial services for private/corporate and fleet, and direct banking customers in Germany, Europe, Latin America, the Asia Pacific, and other countries. It also leases vehicle fleets to private and corporate customers; and insurance brokerage and direct banking services. The company is headquartered in Braunschweig, Germany. Volkswagen Financial Services Aktiengeselschaft operates as a subsidiary of Volkswagen AG.

Gifhorner Strasse 57

Braunschweig,  38112


11,611 Employees


49 531 212 0

Key Executives for Volkswagen Financial Services AG

Chairman of Management Board and Chief Executive Officer
Age: 52
Head of Asset Backed Securitisation
Head of Strategic Trends & Innovation
Head of Capital Markets & Rating
Head of Asset-Liability Management & Treasury Mid-Office
Compensation as of Fiscal Year 2015.

Volkswagen Financial Services AG Key Developments

Volkswagen Financial Services Appoints Lars-Henner Santelmann as CEO

Lars-Henner Santelmann will become Volkswagen Financial Services AG's CEO with immediate effect. Santelmann, who joined VW in 1988, has been a management board member at Volkswagen Financial Services AG since 2008. He succeeds Frank Witter, who became CFO of Volkswagen AG.

Volkswagen Financial Services AG Announces Board Changes

Volkswagen Financial Services AG appointed Lars-Henner Santelmann as Chairman of the Board of Management with immediate effect. In this function Santelmann succeeds Frank Witter has been appointed Member of the Board of Management of Volkswagen Aktiengesellschaft with responsibility for Finance. Santelmann was subsequently appointed as Vice President of SEAT, before becoming General Manager of the company and Volkswagen Bank GmbH in November 2005.

Volkswagen Financial Services Announces Executive Changes

Volkswagen has appointed Lars-Henner Santelmann as new head of Volkswagen Financial Services. Santelmann joined Volkswagen in 1988 and has been on the board of management of Volkswagen Financial Services since 2008. He succeeds Frank Witter, who was appointed as Volkswagen chief financial officer earlier this month after former CFO Hans Dieter Poetsch stepped down to become new chairman of the crisis-stricken carmaker.

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