STOCKHOLM, Sweden, Dec. 17, 2002 (PRIMEZONE) -- Jan Roxendal will assume the position of CEO of Intrum Justitia (Other OTC:INJJF) (Stockholm:IJ) as soon as possible or at the latest as of March 1, 2003. He will be based at the company's head office in Nacka, Stockholm, Sweden.
Jan Roxendal joins Intrum Justita from ABB, where he was head of the Financial Services Division and Executive Vice President of ABB Ltd., in Zurich, Switzerland. In 2001, ABB Financial Services managed assets of 15 billion USD and employed some 1,200 people in its worldwide operations.
Jan Roxendal joined ASEA/ABB in 1984 when he introduced a new treasury concept which he later successfully implemented on a global basis. In 1991 he was appointed CEO for the ABB Financial Services global businesses reporting to the ABB Group CEO. During 1998-2002 he was also a member of the ABB Group Executive Committee. Prior to ABB, Jan Roxendal worked as a banker with SEB and Swedish Export Credit (SEK).
"We are very pleased to appoint Jan Roxendal as our new President and CEO. His proven track-record in growing businesses and successful international career provides an excellent background to take on the stewardship of this successful group. His key skills in developing companies within the service industry will be an important asset going forward," said Bo Ingemarson, chairman of the Board of Directors of Intrum Justitia.
Commenting on his appointment, Jan Roxendal said: "I am looking forward to this exciting opportunity as CEO of Intrum Justitia. The company is at an interesting phase of its development and has a very good potential for further growth. I believe that my long experience from financial services and industrial companies will be of great value in my new role."
Jan Roxendal, 49 years, is a Swedish citizen and has lived in Zurich, Switzerland for the past 15 years. Trained and educated in banking, he holds a Higher General Banking Certificate. He has also participated in several top management programs (IMD and ABB).
Bertil Persson, who has been acting CEO during the recruitment process, will resume his position as CFO and deputy CEO when Jan Roxendal assumes his position.
For additional information, please contact:
Bo Ingemarson Tel: +46-70-349 45 77 Jan Roxendal Tel: +41-1-790 33 30 or +46-8-546 102 04 (via Marina Lahti)
Intrum Justitia Europe's leading Receivables Management Services Groups. The Group has revenues of over SEK 2.3 billion and has about 2,600 employees in 21 European countries. Intrum Justitia's objective is to be a leading provider of RMS in Europe through excellence in local client care, ledger administration and debt collection and by measurably improving clients' cash flow and long-term profitability. The Group offers efficient high quality management of commercial and consumer receivables in all phases in the RMS process. Intrum Justitia has a growth strategy and aims to take active part in consolidating its industry. Intrum Justitia is listed since June 7, 2002 on Stockholmsborsen (the Stockholm Exchange), ticker IJ. For more information, please visit www.intrum.com.
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