News Article

Credit Insurance

Euler Hermes appoints six country CEOs

By CreditMan Monday, April 4, 2016

Euler Hermes, the worldwide leader in trade credit insurance, today announced the appointment of six country chief executive officers (CEOs) within its Northern Europe and Mediterranean Countries, Middle East & Africa (MMEA) regions: Belgium, Gulf Cooperation Council (GCC), the Netherlands, Nordic countries, Poland and Russia. All appointments are effective May 1, 2016 unless otherwise noted, and pending regulatory approvals where required.

Jules Kappeler, CEO of Euler Hermes Nordic countries since 2013, becomes GCC country CEO following the resignation of Mahan Bolourchi. Kappeler will be responsible for Euler Hermes operations in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. He will relocate from Stockholm to Dubai and report to Luca Burrafato, head of MMEA region.

Dominique Spiranski, CEO of Euler Hermes Russia since 2011, succeeds Kappeler as country CEO of Euler Hermes Nordic countries. He will be responsible for Euler Hermes activities in Denmark, Finland, Norway and Sweden, and relocate from Moscow to Stockholm.

Daria Yakovleva, chief financial officer of Euler Hermes Russia since 2013, is promoted to country CEO and succeeds Spiranski. She remains based in Moscow.

Paul Flanagan, regional risk director for Northern Europe since 2010, will become with immediate effect country CEO of Euler Hermes Poland, and transfer from London to Warsaw. He replaces Rafal Hiszpanski who resigned from the company to pursue other career opportunities.

Francis Jespers, CEO of Euler Hermes Belgium since 2012, will transfer from Brussels to ’s-Hertogenbosch and becomes country CEO of Euler Hermes Netherlands, effective April 1, 2016. He succeeds Milo Bogaerts, who has been appointed director of market management, commercial and distribution (MMCD) activities for the Euler Hermes Northern Europe region.

Bernd Lehmann, group head of Human Resources since 2009, will succeed Jespers as country CEO of Euler Hermes Belgium on June 1, 2016, and transfer from Paris to Brussels. His successor will be announced separately.

Spiranski, Yakovleva, Flanagan, Jespers and Lehmann will all report to the head of the Euler Hermes Northern European region, whose appointment will be announced separately following the promotion announced earlier of former regional head Ludovic Sénécaut to the Euler Hermes board of management.