Change of CEO at Intrum Justitia: Erik Forsberg Appointed Acting CEO

Regulatory News:

After his seven successful years as CEO, Intrum Justitia’s (STO:IJ) Board of Directors has decided to discharge CEO Lars Wollung. He will vacate his post immediately but will be at the company’s disposal until November 2016.

”The CEO and the Board have differing views on the future course for the company. Given the strategy and focus that have been decided on, the Board has concluded that it is time for a new CEO to take the helm,” said Lars Lundquist, Chairman of Intrum Justitia’s Board of Directors.

Erik Forsberg, Intrum Justitia’s CFO, will take over as acting CEO. A recruitment process focused on the earliest possible appointment of a permanent CEO has been initiated.

”The Board would like to thank Mr Wollung for his professional, value-creating work. Today, Intrum Justitia is a stable, profitable and successful company that is well positioned for the future,” said Mr Lundquist.

Outgoing CEO Lars Wollung will receive two years’ salary under the terms of his contract, a total of SEK 11.3 million. Mr Wollung’s employment with the company will be terminated in November 2016 and he will be at the disposal of the Board of Directors and the CEO until that date.

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 Stockholm since 2002. For further information, please visit www.intrum.com

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20151102005665/en/