BMW Bank names Stephan Cohnen to executive board for digital push in 2026

BMW Bank has expanded its executive board with a new appointment starting January 1, 2026. Stephan Cohnen will join the management team after gaining extensive experience in leadership roles across BMW Financial Services. His promotion follows approval by the company's supervisory board.

Stephan Cohnen brings years of experience within BMW Financial Services, having worked in Germany, the UK, and Belgium. Most recently, he oversaw the customer service, processes, and IT division at BMW Bank.

The bank, a major player in Germany's automotive finance sector, employs around 1,170 staff and serves roughly one million customers. It operates branches in Italy, Spain, and Portugal, offering financing, leasing, insurance, and credit card services for vehicles and motorcycles.

In his new position, Cohnen will focus on driving the bank's digital transformation. His appointment reflects the company's push to modernise its operations and customer services.

The expanded executive board takes effect at the start of 2026. Cohnen's role will centre on advancing digital initiatives within the bank. BMW Bank continues to strengthen its leadership as it serves customers across Europe.