Executive Changes: Intrum Justitia Strengthens its Group Management

Intrum Justitia, one of Europe’s largest ARM companies, announced Wednesday a number of executive changes that are being implemented effective from April 23, 2012 to strengthen its Group Management Team:

• Per Christofferson is being appointed Regional Manager for the Central Europe region after having held the post of Acting Regional Manager since February 2012. He will continue to be responsible for certain Group-wide functions in the Credit Management service line.

• Two new functions are to be included in the Group Management Team in the form of Chief Human Resources Officer Jean-Luc Ferraton (CHRO) and Chief Information Officer Harry Vranjes (CIO).

• Kari Kyllönen succeeds Gijsbert Wassink as Director of Purchased debt.

“Per Christofferson has held the position as acting Regional Manager for Central Europe since February and, with his thorough experience from his former position as head of the Group’s Credit Management Services, he is an excellent choice to head our operations in Central Europe in the future. I am also pleased to welcome Jean-Luc Ferraton and Harry Vranjes as new members of the Group Management Team as it underlines that HR and IT are important areas for Intrum Justitias continued development,” says Lars Wollung, President and CEO of Intrum Justitia.

“Kari Kyllönen has worked at Intrum Justitia since 1996 and has been the architect behind our successful efforts in the area of Purchased Debt. We perceive good opportunities to further develop these operations and have therefore asked Kari to be responsible for this area at the Group level. At the same time, I would like to thank Gijsbert Wassink for his very good work in building up our investment operations in Purchased Debt over the past five years,” says Lars Wollung.

Consequently, Intrum Justitia’s Group Management Team will, in the future, consist of Lars Wollung, the individuals mentioned above and the Group’s CFO, CRO and the Regional Managers for Northern and Western Europe.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive credit management services, including Purchased Debt, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,300 employees in 20 markets. Consolidated revenues amounted to SEK 4 billion ($590 million) in 2011. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com