On Saturday 13 August 2011 Dr Peter Ingenlath Vice Chairman and Chief Market Officer [CMO] of Atradius N.V. passed away while on vacation in Germany. Dr Ingenlath was 53 years of age.
Dr Ingenlath had been a member of the Atradius Management Board since 2003 and with Atradius and its predecessor companies since 1990. In addition to his board responsibilities across the Atradius Group, he was Chairman of the Supervisory Board of Graydon Holding N.V., Chairman of the credit insurance commission of the German Insurance Association and a member of the management committee of ICISA.
The Atradius Supervisory Board and Management Board will be working very closely to select a new CMO. In the interim, Isidoro Unda, Chairman and CEO, will assume Dr Ingenlaths responsibilities to provide uninterrupted leadership across the markets and products under Dr Ingenlaths oversight until a new board member is announced.
Isidoro Unda, commented, `Peter has been an integral member of Atradius for many years. He held a great deal of knowledge and insight in the company, the industry and the markets in which we do business. His experience will be difficult to replace. He has however helped to put extremely competent people in the right positions to continue to push our business forward. While his presence will be missed his legacy will live on through the people he has guided.´
About Crédito y Caución
The insurance company Crédito y Caución has for some 80 years being helping companies to grow, protecting themselves against default risks in the sale of goods and services on credit. With a market share of close on 60% in Spain and 33% in Portugal, it is the leading company in its sector on the Iberian market. Crédito y Caución has also extended its direct activities to Brazil.
In these three markets, the company is the representative of the Atradius Group, which has a presence in 42 countries. With total earnings of nearly 1.8 billion euros and 31% share of the global credit insurance market, it has access to credit information on more than 52 million companies worldwide, and takes more than 22,000 credit limit decisions each day. Crédito y Caución's financial robustness has earned it a Standard & Poor's `A-´ rating.
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