AMERSFOORT, the Netherlands, Dec. 17, 2012 /CNW/ - Social investor and
worldwide cooperative, Oikocredit, will welcome Mr David Woods as its
new managing director from 1 January 2013.
(Photo: http://photos.prnewswire.com/prnh/20121217/580253 )
Mr Woods' appointment follows the pending retirement of Mr Ben Simmes,
who has been with Oikocredit for sixteen years across a number of key
Mr Woods has extensive international business and leadership experience,
having held senior positions in the banking sector and as an advisory
board member to the European Institute of Interdisciplinary Research in
Oikocredit board president, Ms Salome Sengani, said the board was very
pleased to have someone of Mr Woods' experience join the organization.
"Mr Woods brings a wide range of skills and experience to the
organization and we believe his diverse background across complex,
multi-stakeholder environments will contribute positively to
Oikocredit's future," Ms Sengani said.
As an Irish national who graduated from Harvard University, Mr Woods
began his career with Royal Bank of Canada, where he held several
positions before moving to Dutch based financial institution, ABN AMRO,
where he stayed for twenty years.
His roles with ABN AMRO included global head of e-commerce for financial
markets, country head for Japan and Sweden and later COO/CFO for the
Before joining Oikocredit, Mr Woods held leadership positions in various
financial organizations in the United Arab Emirates, including CEO of a
regional investment bank.
His appointment as Oikocredit managing director will see Mr Simmes move
to a new role in the microfinance sector as chairman of NPM, Platform
for Inclusive Finance, in the Netherlands.
Mrs Sengani said Mr Simmes played a key role in developing and
implementing Oikocredit's social performance management strategy which
strengthened Oikocredit's reputation as a social organization.
"The board is grateful for the contributions Mr Simmes made over his
time with Oikocredit and wish him every success with his new endeavours
during retirement," added Ms Sengani.
Oikocredit is one of the world's largest sources of private funding to
the microfinance sector, providing credit and equity to small
businesses through microfinance institutions across the developing
world and directly to trade cooperatives, fair trade organizations and
small-to-medium sized enterprises.
For further information:
More information: Press contact Oikocredit International: Kawien Ziedses des Plantes,
firstname.lastname@example.org, +31-(0)6-272-549-04. Press contact Oikocredit USA: Sharlene Brown,
email@example.com, +1-202-728-41-40 Press contact Oikocredit UK & Ireland: Patrick Hynes,