Atradius announces new Management Board structure

Peter Ingenlath, currently Vice Chairman and Chief Risk Officer (CRO), will assume the role of Chief Market Officer (CMO) for the credit insurance business and for the units Outward Re, Dutch State Business, Special Products and Global. He will continue in his role as Vice Chairman.

David Capdevila, general director of Crédito y Caución, will have the responsibility of Chief Market Officer (CMO) for the non credit insurance activities; Bonding, Instalment Credit Protection, Collections and Atradius Re, while continuing to manage the credit insurance business for Spain, Portugal and Brazil, where Crédito y Caución is the representative of the Atradius Group.

Delfin Rueda, Chief Financial Officer (CFO), will add the role of Chief Risk Officer (CRO) to his current responsibilities.

The current CMOs Peter Schmidt and Tommie Sjödahl have decided to leave Atradius to take on new challenges outside Atradius and for retirement respectively. The changes will become effective as of 2 August 2010.

Isidoro Unda, Chairman and Chief Executive Officer of Atradius Group commented: `The new Management Board structure reflects our strategy of streamlining the Atradius organisation while at the same time maintaining high quality service. Our focus on business lines will facilitate the decision making process and strengthen our ability to swiftly interact with market developments´.