Trade credit insurer Euler Hermes group, has announced key changes within its Board of Management and Regional Management teams.
Michele Pignotti, a member of the Group Board of Management who’s in charge of Market Management, Commercial and Distribution, will be leaving the company in June to pursue new challenges within Solunion in Spain.
Pignotti has been with Euler Hemes for over 16 years, holding the roles of CEO for Italy, Head of the MMEA Region and Group Head of Market Management, Commercial and Distribution.
He developed Euler Hermes’ brand franchise through a new customer service model and digital marketing, and contributed to generate profitable growth in all business lines.
Anil Berry has been appointed as a member of the Group Board of Management in charge of Market Management, Commercial and Distribution, which will come into place in June.
He joined Euler Hermes in 1997, holding Risk Underwriting, Account Management and Broker Distribution positions in the UK. He became CEO of the Gulf countries business, then Head of Distribution in the APAC region before taking on the role of CEO of the Euler Hermes multinationals business.
Frédéric Bizière, member of the Group Board of Management in charge of Credit Intelligence and Reinsurance, will be leaving the company in June to pursue new challenges within the Allianz Group.
Over the past 23 years he has held several Board member positions in Risk, Finance, Market Management, Commercial and Distribution.
Fabrice Desnos has also been appointed as a member of the Group Board of Management in charge of Credit Intelligence, Claims, Collection and Reinsurance, effective June.
Milo Bogaerts will succeed Desnos as CEO of the Northern Europe Region next month. He first joined Euler Hermes from 1998 to 2007 as an Account Manager, and then became the Director for Interpolis Credit Insurance.
He joined Euler Hermes again in 2012 as CEO for the Netherlands, then as Market Management, Commercial and Distribution Director for Northern Europe. As CEO for Euler Hermes UK & Ireland since 2017, Bogaerts has turned the business around in terms of sales, growing bottom line results while driving productivity.
Holger Schäfer will succeed Berry as CEO of Euler Hermes’ World Agency in July, with over 36 years of experience in the Allianz Group, he has held various senior management positions, including global responsibility for Sales & Distribution in AGCS and was based in Germany and London.
Paul Flanagan will succeed Schäfer as CEO of the APAC Region, also in July. He joined Euler Hermes 30 years ago, working at the time for Trade Indemnity PLC, in the finance team.
In 1998, he took over both Finance and Operations, before becoming Risk, Information, Claims and Collections Director in the UK.
Clarisse Kopff, CEO and Chairperson of the Board of Management of Euler Hermes Group commented: “I warmly thank Frédéric and Michele for their immense contribution to the success of the company throughout the years, and wish them success in their future roles.
“I am delighted to welcome Anil, Fabrice, Milo, Holger and Paul in our Leadership Team, who all come with strong international and field experience. They will contribute with their vision and energy to bring our company to the next level, shifting the gears of our growth and transformation, and support our clients in the upcoming phase of economic recovery.”
