Atradius, a Leading Global Credit Insurer, Announced a new Management Board Structure of Atradius N.V.
AMSTERDAM, July 27 /CNW/ - Peter Ingenlath, currently Vice Chairman and Chief Risk Officer (CRO), will assume the role of Chief Market Officer (CMO) for the credit insurance business and for the units Outward Re, Dutch State Business, Special Products and Global. He will continue in his role as Vice Chairman. David Capdevila will have the responsibility of Chief Market Officer (CMO) for the non credit insurance activities; Bonding, Installment Credit Protection, Collections and Atradius Re, while continuing to manage the credit insurance business for Spain, Portugal and Brazil. Delfin Rueda, Chief Financial Officer (CFO), will add the role of Chief Risk Officer (CRO) to his current responsibilities.
The current CMOs Peter Schmidt and Tommie Sjodahl have decided to leave Atradius to take on new challenges outside Atradius and for retirement respectively. The changes will become effective as of 2 August 2010.
Isidoro Unda, Chairman and Chief Executive Officer of Atradius N.V. commented: "The new Management Board structure reflects our strategy of streamlining the Atradius organization while at the same time maintaining high quality service. Our focus on business lines will facilitate the decision making process and strengthen our ability to swiftly interact with market developments."
The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily. Its products and services aim to reduce its customers' exposure to their buyers who cannot pay for the products and services that they purchase. With total income of more than EUR 1.7 billion and approximately 31% share of the global trade credit insurance market, its products help protect companies throughout the world from payment risks associated with selling products and services on credit.
SOURCE Atradius N.V.
For further information: For further information: Atradius Corporate Communications, Christine Gerryn, Tel.: +31-20-553-2047, E-mail: email@example.com