Amsterdam, 30 July 2010 - Atradius announces new management board structure - Atradius, a leading global credit insurer, announced a new Management Board structure of Atradius N.V.
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, Instalment 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 Sjödahl 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 organisation while at the same time maintaining high quality service, as demonstrated by the Atradius Service Charter which was recently presented to our customers. 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 buyers who fail to pay for the products and services they buy. 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.