STOCKHOLM, Sweden, Sept. 19, 2002 (PRIMEZONE) -- Mr. Peter Sjunnesson has resigned from his position as Chief Executive Officer of Intrum Justitia AB. He leaves the company for personal reasons. The Board of Directors has appointed Mr. Bertil Persson, Chief Financial Officer of Intrum Justitia, as Deputy CEO and acting CEO of the company. Bertil Persson has been Chief Financial Officer of the company since December 2000 and is a member of the Management Council.
In order to support the group management during an interim period, Mr. Bo Ingemarson, Chairman of the Board, will assume the role of working Chairman. The process of recruiting a new CEO will be initiated immediately.
"The Board of Directors regrets that Peter Sjunnesson has decided to leave Intrum Justitia. Peter has made a great contribution to Intrum Justitia during his time as CEO," said Bo Ingemarson. "The company will continue to implement its growth strategy to further strengthen its position as Europe's leading Receivables Management Services company."
"As a listed company, Intrum Justitia is well equipped to take advantage of future strategic opportunities. I regret that due to personal reasons I will not be able to continue to contribute to the company's development," said Peter Sjunnesson.
Peter Sjunnesson assumed his position in November 1999 and has led Intrum Justitia through the merger with Dun & Bradstreet's European operations in RMS and through the IPO on the Stockholm Exchange.
For additional information, please contact:
Anders Antonsson, Investor Relations Tel: +46 8 546 10 206 Mobile: +46 703 36 78 18 E-mail: a.antonsson@se.intrum.com
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 on Stockholmsborsen (the Stockholm Exchange), ticker IJ. For more information, please visit www.intrum.com.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2002/09/19/20020919BIT00020/wkr0001.doc www.waymaker.net/bitonline/2002/09/19/20020919BIT00020/wkr0002.pdf