Mercedes-Benz Financial Services Canada Corporation appoints Brian Stevens as new President and CEO
Mercedes-Benz Financial Services Canada Corporation (MBFS), a leading automotive financial services provider and a Mercedes-Benz Mobility AG (MBM) company, is pleased to announce the appointment of Brian Stevens as its new President and CEO as of the fourth quarter 2023.
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Brian Stevens, President and CEO, Mercedes-Benz Financial Services Canada Corporation (Photo: Business Wire)
In this role, he will lead the Canadian operations of MBM in succession of James Ryan, who was appointed CEO of Mercedes-Benz Financial Services BeNeLux, leading MBM operations in the Belgium, Netherlands and Luxembourg markets, last year. Stevens will report directly to Peter Henn, Head of Mercedes-Benz Mobility North America (MBM NA), and serve as a member of the MBM NA executive leadership team.
"Brian brings more than a decade of experience with the Canadian market following his successful tenure as Chief Financial Officer of MBM NA. He has exemplified himself as a people-first manager that brings the very best out of his teams. We are very fortunate to have an experienced leader to help our Canadian customers and dealers.” – Peter Henn, Head of Mercedes-Benz Mobility North America
Stevens joined the Chrysler Group in 1996 as a Financial Analyst, International Operations. Since then, he has held several positions of increasing responsibility in the Mercedes-Benz Group, including Program Manager – Structured Finance; Assistant Controller; Director of Finance and Controlling – Europe, Africa and Asia Pacific; and most recently, since 2009, Chief Financial Officer (CFO) of Mercedes-Benz Financial Services USA LLC, as well as CFO of MBM NA. Before joining the Mercedes-Benz Group, he worked for Ernst & Young, LLP.
“I’m honored and grateful to have the opportunity to support our dealers and customers across Canada. Together with our stellar team here at MBFS, we will bring even greater focus on people to our business, specifically with customer-centric solutions that offer a seamless, convenient experience at every touchpoint.” – Brian Stevens, President and CEO, Mercedes-Benz Financial Services Canada Corporation
Stevens, a registered CPA, has a master’s degree in Finance from Duke University and a bachelor’s degree in Accounting from Grand Valley State University.
Mercedes-Benz Financial Services Canada at a glance:
Mercedes-Benz Financial Services Canada Corporation, located in Mississauga, Ontario, supports the sales efforts of Mercedes-Benz passenger cars and vans in Canada by offering premier financial services to retail customers and the dealer network. The company provides lease and purchase finance options, as well as protection products to customers who choose Mercedes-Benz vehicles in Canada. For more information, please visit: https://www.mercedes-benz.ca/en/financial-services
Mercedes-Benz Mobility at a glance
With around 10,000 employees, Mercedes-Benz Mobility specialises in financial and mobility services. The products range from financing, leasing, vehicle subscription, rental and fleet management to insurance, innovative mobility services, digital payment solutions as well as products and services around charging. Mercedes-Benz Mobility is a division of Mercedes-Benz Group AG, which also includes the vehicle manufacturer Mercedes-Benz AG, one of the largest suppliers of premium and luxury passenger cars and vans. Mercedes-Benz Group AG is one of the most successful automotive companies in the world. As financial services provider, Mercedes-Benz Mobility entities support sales of the Mercedes-Benz Group's automotive brands worldwide. In addition, Mercedes-Benz Mobility offers comprehensive products and services in the fields of charging at home, at public and for business use cases. In Germany, Mercedes-Benz Bank is one of the leading vehicle financing banks. Flexible mobility offers such as Mercedes-Benz Rent or EQ subscription, enable an uncomplicated and flexible entry into e-mobility, complementing the service portfolio. With its subsidiary Athlon, Mercedes-Benz Mobility is present in Europe in operational fleet management and vehicle leasing and is responsible for around 400,000 vehicles. In addition, Mercedes-Benz Mobility invests in the market for urban mobility services: The FREE NOW Joint Venture is a pioneer of multimodal mobility with its digital Mobility-as-a-Service platform. The Digital Charging Solutions GmbH (DCS), which is behind the CHARGE NOW Joint Venture, brings together drivers of electric vehicles and charging station operators. The portfolio also includes StarRides – a limousine transport service joint venture in China – and the participation in the Berlin chauffeur service Blacklane. In 2022, Mercedes-Benz Mobility financed or leased around every second of the Mercedes-Benz Group's vehicles sold worldwide. This corresponds to a contract volume of 132.4 billion €. The business segment generated sales of 27.0 billion € in 2022 and achieved an EBIT adjusted of 2.4 billion €. Mercedes-Benz Mobility operates in 35 countries.
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