Amsterdam, 10 June 2008 - Peter Ingenlath named Chief Risk Officer of Atradius N.V. - Chief Market Officer role to be separated into three regions
Atradius today announced the appointment of Peter Ingenlath, Vice Chairman of the Management Board of the company, as Chief Risk Officer and the envisaged appointments, pending regulatory approvals, of Tommie Sjödahl as Chief Market Officer responsible for Credit Insurance in NAFTA, Asia Pacific, the UK, Ireland, and for the Global, Special Products and Collections units and David Capdevila as Chief Market Officer responsible for Spain, Portugal and Brazil. The third Chief Market Officer, responsible for credit insurance throughout the remainder of continental Europe and the units Bonding, Instalment Credit Protection, Dutch State Business and Atradius Re, will be announced shortly.
Paul-Henri Denieuil, Chairman of the Atradius Supervisory Board commented: “In the current deteriorating economic environment we believe Peter Ingenlath can add the most value to the company by taking over the Chief Risk Officer position. As over recent years Atradius has substantially expanded the geographic scope of its business and with the integration of Crédito y Caución, we decided to strengthen the commercial function of the company by appointing three Chief Market Officers. I believe that with a management board of six very experienced individuals, the company is best positioned to grow its business while maintaining an attractive level of profitability. I would like to thank Peter Ingenlath for his excellent contribution to the success of Atradius as Chief Market Officer.”
Dr Peter Ingenlath (50) has been with Atradius and its predecessor companies since 1990. He has served on the Management Board since 1999. Dr Ingenlath has a degree in Law and a PhD in laws from BonnUniversity. Prior to joining Atradius he was a practising lawyer.
Tommie Sjödahl (57) has been in the credit insurance industry since 1972 and with Atradius and its predecessor companies since 1992. He joined Atradius as the Managing Director of the Swedish subsidiary and has since developed the concept of integrated credit insurance services to multinational clients across the borders as the Director of Atradius Global. Mr Sjödahl has also been responsible for developing Atradius in “New Markets”, Oceania and lately in the role as head of Global Business Development.
David Capdevila (42) joined the Grupo Catalana Occidente organisation in 1992 and served in progressively more senior roles including serving as a member of the Grupo Catalana Occidente management committee from 2003 to 2006. He has served most recently as General Manager of Crédito y Caución which he joined in 2006. Mr Capdevila has an actuarial economist degree from the University of Barcelona and an MBA from IESE.
“As Chief Risk Officer, Peter strengthens our risk activities through his strong understanding of the risk environment and underwriting requirements and his broad in depth knowledge of our business; stated Isidoro Unda, CEO of the Atradius Management Board: “The addition of Tommie and David to the Management Board capitalises on their vast experience and regional knowledge and will provide extensive oversight of our markets and the opportunities that arise to improve our offering.”
The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence in 40 countries. Its products and services aim to reduce its customers’ exposure to buyers who fail to pay for the products and services customers purchase. With total revenues of approximately EUR 1.8 billion and a 31% share of the global trade credit insurance market, its products contribute to the growth of companies throughout the world by protecting them from payment risks associated with selling products and services on credit. With 160 offices, it has access to credit information on 52 million companies worldwide and makes more than 22,000 trade credit limit decisions daily.
For information about Atradius products and services available in your country, visit www.atradius.com.
Atradius Corporate Communications
Tel.: +31 20 553 2047