Changes in the Management Board and the Board of Directors of Cembra

Cembra Money Bank AG / Key word(s): Miscellaneous Changes in the Management Board and the Board of Directors of Cembra 15.03.2024 / 07:00 CET/CEST Zurich, 15 March 2024 – Sandra Babylon and Christian Stolz enhance the Management Board of Cembra. Sandra Hauser will be proposed for election to the Board of Directors at the Annual General Meeting.

Two new members of the Management Board 
With the reorganisation into two business lines, Lending and Payments, Christian Stolz, Business Unit Leader Payments, will become a member of Cembra's Management Board on 1 April 2024. Christian Stolz is a recognised expert in the field of financial services and payment transactions. After many years in management positions at Mastercard, he founded Byjuno in 2014 and built up the company into a well-known provider of invoice payment solutions in Switzerland. He has been part of the Bank's management team since the takeover by Cembra in autumn 2022. 

Alongside him, Sandra Babylon will join the Management Board of Cembra from 1 June 2024. As the new Chief Technology Officer, she will continue the technical implementation of the strategy and the digitisation of processes. Sandra Babylon has many years of extensive experience in management and IT transformation. In addition to other professional positions, she worked for the global IT provider Accenture for almost 20 years, where she was responsible for planning and managing transformation and migration programmes at the interface between IT and business. Most recently, she was Head of Delivery IT for Germany at the insurer Ergo, where she managed the implementation of the IT portfolio.

Sandra Babylon joins Cembra as part of the next phase of the strategic transformation. She succeeds Christian Schmitt, who will pursue his career outside the company after a transitional phase. Christian Schmitt successfully managed the transformation processes in Technology as part of the Operational Excellence strategy programme and made a significant contribution to driving the Bank's automation and digitisation initiatives to improve the customer experience and increase efficiency. Key projects and topics included the modernisation of the technological infrastructure and migration to a new data centre, increasing resilience in the area of cyber security and, most recently, the launch of the IT platform for the leasing business.