Board of Management
Euler Hermes has three levels of leadership to provide the guidance that a complex global business requires.
President and Chairman of the Board of Management
Mr. Wilfried Verstraete graduated in Economics from the University of Brussels (VUB), holds a Master’s degree in financial management from VLEKHO (Belgian school of management) and is an alumnus of the International Executive Program at Insead. From 1996 to 2004, Mr. Wilfried Verstraete worked at the France Telecom Group where he successively held the position of Chief Financial Officer with Mobistar in Belgium, Wanadoo in France and Orange in the UK. He served as Chairman of the Board of Management of Atradius from 2004 to 2006 before joining Allianz Global Corporate & Specialty as Chief Financial Officer and member of the Board of Management. Mr. Wilfried Verstraete was appointed Chairman of the Euler Hermes Group Board of Management on April 1, 2009.
Member of Board of Management in charge of Risk, Information, Claims, Collections and Reinsurance
Mr. Frédéric Bizière graduated from HEC (French school of management). He began his career in 1992 with KPMG Audit. In 1995, he moved to Banque Française du Commerce Extérieur (today known as Natixis). He joined the Group in 1998 as Head of the Accounting department at Euler Sfac (today known as Euler Hermes France). He was appointed Corporate Secretary in 2004 and joined the Euler Hermes Sfac Board of Management in 2005. Mr. Frédéric Bizière joined the Euler Hermes Group Board of Management on October 1, 2011.
Group Chief Financial Officer - Member of Board of Management in charge of Finance, Legal, Tax and Compliance
Chantal has a highly international career path: she joined the Allianz group in 1999 at Allianz AG Asset Management as chief of staff, then spent 3 years in the US in the actuary and controlling department. After a quick start as a project manager in Group development, she became Head of Planning and Controlling at Allianz Global Risks. She then headed the Global Planning & Performance department at AGCS for 9 years and moved on to become Global Finance Director & Regional Head of Finance for Allianz Global Assistance. In 2016, Chantal became CFO at Allianz Re. Chantal, 47, is Luxembourgish and holds an MBA in Finance from the University of Chicago, Booth School of Business.
Chief Transformation Officer - Member of Board of Management and Head of Americas Region
Virginie Fauvel started her career in 1997 with Cetelem as Group CRM and Risks analytics Director. She then became Group Digital Officer in 2004 and was in charge of the e-Business BU, setting out Cetelem’s global online strategy. She later headed BNP Paribas’ Online Banking BU for Europe and France and founded Hello Bank!, the leading European mobile bank in Italy, France, Belgium and Germany. She joined Allianz France in 2013 as member of the executive committee, in charge of the company’s digital transformation, direct, big data and AI, communication and Market Management teams. She largely contributed to driving Allianz’ transformation mindset and bringing digital innovations at the heart of the company. Virginie Fauvel graduated from the Ecole des Mines Nancy (French Graduate Engineering School).
Member of Board of Management in charge of Market Management, Commercial and Distribution
Mr. Michele Pignotti holds an MBA from the CUOA management school in northeast Italy. He joined Euler Hermes in 2004 as Director of Marketing and Sales for Italy. Prior to 2004, he served as European Marketing Director for Sara Lee Branded Apparel and as Director of BtoB Marketing for Telecom Italia. He was appointed CEO of Euler Hermes Italy in 2008. In 2010 he became the Head of the MMEA region, which consists of South Africa, Greece, Israel, Italy, Morocco, Tunisia, Turkey and the six countries of the Gulf Coast. He is also a member of the Euler Hermes “Digital Sounding Board” and contributes to the digital strategy and the identification and assessment of new opportunities.
Group Chief Operating Officer - Member of Board of Management in charge of Operations and IT
Michael brings with him more than 15 years’ proficiency in designing and managing large scale, technology-enabled transformation scenarios in globalizing enterprises, from a startup in Silicon Valley to the BASF Group. He also has over 8 years of experience within Allianz, and in his most recent position at Allianz, Michael was Head of Group Enterprise Architecture, where he led the introduction of new digital technologies and capabilities such as Big Data, AI, Blockchain and IoT solutions for commercial and consumer business lines. He successfully defined Allianz Group’s Enterprise Architecture as well as a holistic strategic framework for operations & IT. Michael, 45, is German and holds a Master’s degree in Electrical engineering from the Karlsruhe Institute of Technology