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Credit Insurance

Euler Hermes announces new senior management appointments for January 2013

By CreditMan Monday, November 12, 2012

“The beginning of a new year offers an opportunity to refresh our thinking about the way we implement our strategic vision as the global market leader in trade credit insurance,” said Wilfried Verstraete, chairman of Euler Hermes board of anagement. “Creating new opportunities for our management team that expand their horizons will benefit our company, clients, employees and shareholders.”

Gert Schloßmacher will become group head of Global Sales, a newly-created position based in Paris, France, reporting to Frédéric Bizière, member of the Euler Hermes board of management responsible for Market Management, Commercial and Distribution (MMCD). This will require Gert Schloßmacher to step down December 31, 2012 as a member of the board of Euler Hermes Deutschland in Hamburg, Germany. He will work in close cooperation with Euler Hermes World Agency in focusing on the multinational business.

Ulrich Nöthel, group head of Risk Underwriting, will take responsibility for MMCD activities in Germany, Austria and Switzerland (DACH region), reporting to Ralf Meurer, CEO, DACH region. Nöthel will transfer from Paris to Hamburg. Pending national regulatory and Euler Hermes Deutschland supervisory board approval, he will become a member of the board of management of Euler Hermes Deutschland on January 1, 2013.

Eric Lenoir, risk director for Euler Hermes World Agency, will become group head of Risk Underwriting reporting to Gerd-Uwe Baden, member of the Euler Hermes board of management in charge of Risk, Information and Claims. Lenoir will continue to be based in Paris.

Jerome de Cherisey , currently head of Risk Underwriting Standards for the Euler Hermes group, will become the new risk director of Euler Hermes World Agency. Also based in Paris, he will report to Nicolas Delzant, CEO of Euler Hermes World Agency.

Source - Company press release