Intrum Justitia AB: Changes in Group Management at Intrum Justitia

Regulatory News:

Intrum Justitia AB (STO:IJ):

Pascal Labrue will leave his position as Regional Managing Director for Western Europe. He has been employed at Intrum Justitia since 2000, as Managing Director for France during 2000-2004 and thereafter as a Regional Managing Director.

"I believe we are well positioned to accelerate the growth journey for our Western Europe region during the coming years. This requires a new leadership profile and we have therefore agreed that Pascal Labrue will leave Intrum Justitia. Pascal Labrue has had a successful career within Intrum Justitia and I want to thank him for his valuable contributions during the past 15 years, where he has established a good foundation for future profitable development of the Western Europe region.” says Lars Wollung, President & CEO Intrum Justitia.

As of 30 March 2015, Harry Vranjes, the Group’s Chief Information Officer, holds the position as acting Regional Managing Director for Western Europe. The process of recruiting a permanent Regional Managing Director has been initiated.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,800 employees in 20 markets. Consolidated revenues amounted to about SEK 5.2 billion in 2014. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com

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