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Investing.com -- Auto1 Group SE (F:AG1G) on Wednesday said that Christian Wallentin will replace Markus Boser as chief financial officer, with shares falling more than 4% on the announcement.
The digital automotive platform said Wallentin will join the management board on January 1, 2026, following a three-month transition period starting October 1, to ensure a smooth handover.
Wallentin has over 20 years of experience in banking and finance. He most recently served as deputy chief executive officer and CFO at Hoist Finance, a firm specialising in non-performing loans. There, he led the company’s transformation programme and oversaw the finance department.
Before Hoist Finance, Wallentin held senior roles at Nordea, including Head of Group Corporate Development and a secondment to Luminor as CFO and Head of Operations.
At Nordea, he led the merger of Nordea’s and DNB’s Baltic operations, resulting in the creation of Luminor, a bank with €15 billion in assets and 3,000 employees.
Earlier, Wallentin worked in private equity at Permira and in investment banking at Goldman Sachs.
Markus Boser, who will step down at the end of the year after ten years, was responsible for all financial activities of the Group, including its IPO in February 2021.
Hakan Koç, Chairman of AUTO1 Group’s Supervisory Board, said the company was “pleased to have gained such an experienced financial expert” and thanked Boser for his contributions over the past decade.
Wallentin said he was “excited to join AUTO1 Group’s management board and take on the role of CFO” and said that, together with the team, they will continue to explore “massive growth opportunities in Europe’s used car market."