Mercedes-Benz Financial Services Korea names Fritz Karbaum as new CEO

Published : Thursday, January 7, 2021, 7:28 pm
ACROFAN=Yong-Man Kwon | | SNS
Mercedes-Benz Financial Services Korea, announced today that Fritz Karbaum has been appointed as the new CEO of Mercedes-Benz Financial Services Korea, effective January 1, 2021. Most recently, he was the regional Head of Finance & Controlling at Daimler Financial Services Africa & Asia Pacific based in Singapore.

Fritz Karbaum is a seasoned executive with in-depth financial expertise. Karbaum has more than 29 years of global experience in the financial services and automotive industry, working in numerous management positions within Finance & Controlling across multiple divisions in the Daimler Group. Before his role in Singapore, Mr. Karbaum served as CEO of Mercedes-Benz Financial Services Hellas in Greece, and then as CFO of Finance & Controlling at Mercedes-Benz Financial Services Italia.

“Korea is one of the most important markets for Mercedes-Benz in the world, where customer demand for automotive financial solutions has been consistently growing,” said Fritz Karbaum. “I am delighted to be appointed as the new CEO of Korea. The market has great potential and all of us at MBFSK will continue listening to our customers and offering flexible financing and leasing solutions to drive a Mercedes-Benz.” he added.

Mr. Karbaum began his career with Daimler AG in 1991 and rose to his current position as a truly globalized executive having worked in Europe, North and South America, and Asia. His experience spans multiple Daimler entities including Daimler AG, Mercedes-Benz AG, Daimler Financial Services, and Mercedes-Benz Bank AG, thus advancing his expertise in finance and automotive within the Daimler Group.

[About Fritz Karbaum, CEO of Mercedes-Benz Financial Services Korea]

2016 Regional CFO, Daimler Financial Services Africa Asia Pacific Ltd, Singapore

2013 CFO, Mercedes-Benz Financial Services Italia SpA, Rome, Italy

2010 Managing Director of Mercedes-Benz Financial Services Hellas, Athens, Greece

2008 Senior Manager Finance & Controlling, Banco Mercedes-Benz do Brasil S.A., Sao Paulo, Brazil

2003 CFO, Daimler Colombia S.A., Bogotá, Colombia

1991 Various roles in Daimler organizations in Germany, USA, and Argentina

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