BMW Bank Names Stephan Cohnen to Executive Board for 2026 Digital Push
BMW Bank has expanded its executive board with the appointment of Stephan Cohnen, effective January 1, 2026. The decision follows approval by the supervisory board and marks a new phase for the financial institution. Cohnen brings extensive experience in IT, transformation, and leadership roles across multiple countries.
Stephan Cohnen began his career as a consultant, specialising in IT and business transformation. After completing a degree in business administration, he joined BMW Group Financial Services, where he took on management roles in Germany, Great Britain, and Belgium.
Most recently, Cohnen led the customer service, processes, and IT division at BMW Bank. His appointment to the management board aligns with the bank’s goal of becoming a modern, digital financial services provider. BMW Bank, one of Germany’s leading automotive banks, serves around one million private and corporate customers. It operates branches in Italy, Spain, and Portugal, offering financing, leasing, insurance, deposit products, and credit cards.
With Cohnen’s appointment, BMW Bank strengthens its leadership team as it pushes for digital innovation. His background in IT and transformation is expected to support the bank’s strategic direction. The expanded board will now oversee operations across multiple European markets.
