Intrum Justitia AB: Mikael Ericson new CEO of Intrum Justitia

Regulatory News:

As previously announced, the Board of Intrum Justitia (STO:IJ) has appointed Mikael Ericson new CEO and President. He will start his new position on March 1, 2016.

Mikael Ericson has worked in various senior positions in the financial industry over the past 30 years, including Head of Handelsbanken Capital Markets and CEO of Carnegie Investment Bank. Most recently, he held the position as Head of International Banking at Danske Bank.

"We are delighted to have attracted such a qualified candidate to take over the leadership of Intrum Justitia. Mikael Ericson’s broad experience from the banking sector and strong leadership skills were important in the selection of the new CEO. Ericson's primary mission is to continue developing Intrum Justitia in the context of our current strategy, thereby strengthening the Group's position as the European market leader in credit management", says Lars Lundquist, Chairman of Intrum Justitia.

"I am very proud to have been offered the opportunity to lead a successful company like Intrum Justitia. As the European market leader with a solid financial position, we have great opportunities to continue to create value for our clients and shareholders. I am confident about the future and look forward to developing Intrum Justitia together with the other members of the Group Management team”, says Mikael Ericson.

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 3,850 employees in 20 markets. Consolidated revenues amounted to about SEK 5.6 billion in 2015. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002. For further information, please visit www.intrum.com

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