Euler Hermes: new governance

Within the framework of the new organisation which will be implemented 1 January 2010 and in order to manage the group in a fully integrated way, the members of the Management Board of Euler Hermes decided to strengthen the group functions and to concentrate on them. Moreover six Heads of Region are appointed. (Paris, 15/10/2009)


The Board of Management is composed of five members:

  • Wilfried Verstraete, a Belgian citizen, is Chief Executive Officer (CEO) of the Euler Hermes group. He steers group activities in the Regions and is in charge of Group Internal Audit, Communications and Human Resources.

  • Gerd-Uwe Baden, a German citizen, is responsible for Risk Underwriting.

  • Nicolas Hein, a native of Luxembourg, is in charge of Finance, Compliance, Legal and Tax.

  • Michael Hörr, a German citizen, is responsible for Operations and IT.

  • Michel Mollard, a French citizen, is in charge of Market Management, Commercial and Distribution.


Six Heads of Region are appointed:

  • Jochen Dümler is appointed Head of the Americas and CEO of Euler Hermes ACI, the group subsidiary in the U.S.
    Jochen Dümler, a German citizen, was previously a member of the Board of Management of Euler Hermes Kreditversicherung, the group subsidiary in Germany, and was in charge of commercial credit insurance, bonds and guarantees, international development. He graduated in Business Administration from the Universities of Nuremberg and Munich, Germany.

  • Ralf Meurer is appointed Head of Germany / Austria / Switzerland and CEO of Euler Hermes Kreditversicherung, the group subsidiary in Germany.
    Ralf Meurer, a German citizen, was previously President and Chief Executive of the Lifestyle Protection segment of Genworth Financial (formerly GE Insurance) in London. He graduated in Business Administration from the University of Giessen, Germany.

  • Joachim Olszewski is appointed Head of Asia / Pacific.
    Joachim Olszewski, a German citizen, was previously Commercial Director of Euler Hermes Kreditversicherung, the group subsidiary in Germany, before moving to Singapore as regional CEO for Euler Hermes in Asia this summer. He graduated in Business Administration from the University of Hamburg, Germany.

  • Paul Overeem is appointed Head of Northern Europe.
    Paul Overeem, a Dutch citizen, was previously CEO of Euler Hermes ACI, the group subsidiary in the U.S. He has a Masters degree in Law from the University of Brabant, Netherlands.

  • Michele Pignotti is appointed Head of Mediterranean countries / Africa.
    In addition to his new role, Michele Pignotti, an Italian citizen, remains CEO of Euler Hermes SIAC, the group subsidiary in Italy. He has a degree in Political Sciences from the University of Naples, Italy, and a MBA (Marketing specialization) at CUOA (Centro Universitario Organizzazione Aziendale) Business School.

  • Ludovic Sénécaut is appointed Head of France and CEO of Euler Hermes SFAC, the group subsidiary in France.
    Ludovic Sénécaut, a French citizen, was previously a member of the Board of Management of Euler Hermes SFAC, in charge of international development and operations in France (IT, organization, datamining). He graduated from Ecole Polytechnique and Ponts et Chaussées, France.


The five members of the Board of Management and the six Heads of Region make up the Leadership Team of the Euler Hermes group. Wilfried Verstraete is the President of the Leadership Team.


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