TARGO Deutschland GmbH sets course for the future : OLB CEO Stefan Barth hands over to Christophe Jéhan

Düsseldorf/Oldenburg, January 5, 2026 – After the announcement last Friday of the acquisition of Oldenburgische Landesbank (OLB), TARGO Deutschland GmbH is making a change today at the helm of OLB. Stefan Barth will leave OLB at the end of January by mutual consent, as approved by the Supervisory Board of OLB, chaired since January 2, 2026 by Isabelle Chevelard. Stefan Barth plans to take on new professional challenges.

Christophe Jéhan takes over from Stefan Barth while Isabelle Chevelard becomes Chair of the Supervisory Board of OLB

Christophe Jéhan takes over from Stefan Barth on January 2, 2026. Until now he has served as Deputy CEO of TARGOBANK AG, with responsibilities including retail banking and transformation. Christophe Jéhan will lead OLB and also remain a member of the TARGO Deutschland GmbH management team. The Frenchman has more than 25 years of experience in the banking sector in Germany, France and Scandinavia. He joined TARGOBANK in Düsseldorf in 2021 and is a close associate of Isabelle Chevelard, who heads up TARGO Deutschland GmbH and has chaired the Executive Board of TARGOBANK since 2021.

In recent years, together with the other members of the Executive Board and their teams, Isabelle Chevelard and Christophe Jéhan have successfully steered the transformation of TARGOBANK into a universal bank. This has involved the diversification of the business, the development of new customer segments and the digitalization of the customer offering. As of the new year, TARGOBANK is also distributing the products of ACM Deutschland, a subsidiary of Assurances du Crédit Mutuel, thus achieving a new milestone in its role as a universal bank that can support its customers in all situations of life.

In another change, Isabelle Chevelard now also becomes Chair of OLB’s Supervisory Board, in succession to John Denhof. This will ensure that the strategies of both companies are optimally coordinated and remain aligned with Crédit Mutuel Alliance Fédérale, the parent of TARGOBANK. Crédit Mutuel Alliance Fédérale announced its plan to take over OLB via its holding company TARGO Deutschland GmbH in March 2025. Following approval by the various regulatory authorities, including the European Central Bank, the deal was closed on January 2, 2026. Together, TARGOBANK and OLB form a major new player on the German banking market, ranking among the top ten private-sector banks by total assets.

A successful handover

“Stefan Barth has made OLB one of the most successful and profitable banks in the German market over the past five years,” says Isabelle Chevelard, who heads up TARGO Deutschland GmbH and chairs the Executive Board of TARGOBANK. “On behalf of the entire team, I would like to thank him sincerely for his work and wish him all the best for the future. I would also like to thank John Denhof for his successful work as Chair of the Supervisory Board of OLB.”

“I am delighted with this smooth handover and I thank Stefan Barth for the excellent cooperation. With the strength of Crédit Mutuel Alliance Fédérale, we will successfully build on the work we have done so far. Together with the management team and our dedicated colleagues at OLB, we will join forces with the other entities in Germany to create new growth momentum,” says Christophe Jéhan, the new CEO of OLB and member of the TARGO Deutschland GmbH management team.

Stefan Barth adds : “I thank the Supervisory Board for the trust they have placed in me. I would also like to thank Crédit Mutuel Alliance Fédérale and TARGO Deutschland GmbH for their positive and intensive cooperation in recent months. Most of all, I would like to thank my board colleagues and all OLB employees for their outstanding commitment and loyalty over the past few years. It has been an enormous pleasure to work with such a dedicated and capable team. I wish OLB all the best for the future and I wish every success to Christophe Jéhan in his new role.”