Business
Credit Acceptance Appoints Steffen Schumann as Chief Business Officer
New Role Strengthens Enterprise Business Planning, Pricing Strategy, and Performance Management to Support Disciplined Growth Southfield, Michigan, March 19,
About this update from Credit Acceptance Corporation
[{"type":"text","content":"New Role Strengthens Enterprise Business Planning, Pricing Strategy, and Performance Management to Support Disciplined Growth\nSouthfield, Michigan, March 19, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Steffen Schumann has joined the Company as Chief Business Officer, reporting to Chief Executive Officer Vinayak Hegde. In this newly created role, Schumann will help drive growth by further strengthening enterprise strategy, unit economics, and enterprise performance management systems. His responsibilities will include leading enterprise business planning, pricing strategy, advanced analytics, and the continued evolution of dealer scorecarding and enterprise performance frameworks—with the goal of translating insights and forecasts into actions that improve overall financial performance. Before joining Credit Acceptance, Schumann spent more than two decades at Deutsche Telekom and T-Mobile. He most recently held the role Senior Vice President, Consumer Marketing, where he focused on driving growth and increasing customer lifetime value; and was responsible for implementing the company’s vision, strategy, and execution across complex, multi-product consumer offerings, experiences, and go-to-market initiatives. “Steffen’s role is central to how we will execute going forward,” said Vinayak Hegde, Chief Executive Officer. “We are building an AI-enabled company with disciplined operating rhythms. That requires a clear enterprise plan, rigorous performance management systems, and pricing and unit economics that are continuously monitored. Steffen will help connect strategy to execution—so we can prioritize the highest‑impact opportunities with the goal of moving faster and delivering better outcomes for our dealers, consumers, and shareholders.” Schumann’s appointment comes at a time when Credit Acceptance continues to focus on strengthening execution amid evolving market and operating conditions. Recent operating results reflect what Credit Acceptance management believes to be early signs of improving stability and momentum in key areas of the business. Forecasted collection rates, for example, were stable for the two months ended February 28, 2026. “As we move into the next phase of our growth plan, the opportunit...