Michel Thebault appointed new CEO of Consors Finanz

January 23, 2023

Michel Thebault took over the position of CEO of BNP Paribas Consors Finanz, one of the leading providers of consumer loans in Germany and Austria, effective 1 January 2023. In his new role, he will be responsible for both the German and Austrian markets. He is also a member of the Executive Committee of BNP Paribas Personal Finance in Paris and a member of the Management Board of BNP Paribas in Germany. He succeeds Gerd Hornbergs, who has successfully managed the company since 2005 and retired at the turn of the year.

We would like to thank Gerd Hornbergs for the market positioning that he and his team have continuously built up over the past 17 years and wish him all the best for his future. We warmly welcome Michel Thebault and look forward to working together within the BNP Paribas Group Germany. In recent years, Consors Finanz has conquered a place among the leaders in the market for tailor-made financing solutions for private customers. This means that the division plays an important role within our activities in Germany.“

Lutz Diederichs, CEO BNP Paribas Germany

Michel Thebault has held various positions at BNP Paribas for over 22 years. In 2000 he started as Regional Director in France. Subsequently, he led BNP Paribas Personal Finance subsidiaries in Turkey, Poland and Belgium before assuming responsibility for the development of activities in Asia as CEO of Personal Finance Asia in January 2020.

Thebault’s task will now be to continue the forward-looking strategic transformation of Consors Finanz into an agile and sustainable company and, in particular, to further advance the development from a pure consumer credit lender to a provider of various payment solutions for customers. This includes both the consumer credit business and the mobility business.

I am very much looking forward to my new tasks at Consors Finanz. Together with a very committed team of over 1,500 experts in Germany and Austria, we will continue to support our customers and partners in times of crisis. In order to achieve this, my focus in the first few months will be on these three topics:

Reliability: Even in the years of the crisis, we were able to support our partners and customers quickly, reliably and easily with their liquidity issues. We want to ensure this in 2023 and gradually become better and better.

Mobility: Consors Finanz will continue to expand its presence in the automotive market thanks to strategic partnerships with innovative, sustainable car manufacturers.

Leveraging market potential through product diversity: In 2023, we will take big steps towards flexible offers, advanced payment solutions and user-friendly applications to provide our customers with holistic support for their budget management.

Michel Thebault, CEO Consors Finanz