James Ryan replaces Stefan Karrenbauer.

Mercedes-Benz Financial Services (MBFS) Canada Corporation has announced that James Ryan has succeeded Stefan Karrenbauer as President and CEO. Karrenbauer was appointed Managing Director of MBFS Turkey.

Ryan will lead the Canadian divisions of Mercedes-Benz Financial Services and Daimler Truck Financial, reporting to Peter Henn, Member of the Board of Management of Daimler Mobility AG responsible for the Americas Region.

“With more than 20 years in the industry, James brings deep knowledge and a proven track record to his new role,” said Henn. “I am confident he will bring innovative and customer-focused leadership to the Canadian team, further growing our focus on providing exceptional experiences for our customers.”