Credit Acceptance Appoints Ex-T-Mobile SVP as Chief Business Officer to Boost Growth
Credit Acceptance named Steffen Schumann, ex-SVP Consumer Marketing at Deutsche Telekom, as Chief Business Officer to oversee enterprise business planning, pricing strategy, analytics and dealer scorecarding to drive growth. Forecasted collection rates held steady for the two months ended February 28, 2026, suggesting improving performance momentum.
1. Chief Business Officer Appointment
Credit Acceptance has created the Chief Business Officer position and appointed Steffen Schumann, formerly Senior Vice President of Consumer Marketing at Deutsche Telekom and T-Mobile, to report directly to CEO Vinayak Hegde.
2. Strategic Responsibilities
In his new role, Schumann will oversee enterprise business planning, pricing strategy, advanced analytics and the evolution of dealer scorecarding and performance management frameworks to translate insights into actions for disciplined growth.
3. Early Performance Indicators
Recent operating results show forecasted collection rates remained stable for the two months ended February 28, 2026, suggesting early signs of improving stability and momentum despite evolving market conditions.