European credit management specialist, Intrum has announced the appointment of Anders Engdahl as its new President and Chief Executive Officer.

Current CEO Mikael Ericson who will leave the company after four years as President and CEO. At the same time, the Board has appointed Intrum’s current Chief Financial Officer Anders Engdahl as new President and CEO when the company now enters into its next phase.

Engdahl will assume the position with immediate effect. By reason of the CEO change, the board has also decided to announce the preliminary result for the third quarter, which is expected to be substantially above the analyst consensus.

Engdahl, has extensive experience from several management positions and was appointed Chief Financial Officer in 2019. He joined Lindorff in 2014 as EVP Debt Purchasing and was Chief Investment Officer of Intrum between 2017-2019. Moreover, Engdahl has wide experience in investment banking and management consulting from global organizations such as Goldman Sachs, Credit Suisse, McKinsey and Morgan Stanley. At Morgan Stanley, he held the position as Managing Director and Head of Nordic Financial Institutions Investment Banking. Anders Engdahl has an MSc in Business Administration and Economics from Stockholm School of Economics.

Per E. Larsson, Chairman of the Board of Intrum said “The past few years have been characterized by significant growth while as the market we operate in has been under great change. Intrum has through the merger with Lindorff become the market leader in Europe whilst simultaneously entering new markets and accelerating the pace of portfolio investments. These efforts have established a strong platform for long-term sustainable returns. For some time, the Board and the management team have been working intensively with a next-phase transformation program which will be presented at the Capital Markets Day on 18 November.”

“In order to carry out this program we have identified the need for a new type of leadership and, hence, the Board considers this to be the natural point in time for Intrum to take this step. Under Mikael Ericson’s leadership, Intrum has established a market-leading position providing the company with all the preconditions needed to successfully realise the transformation that we have now started. We are very happy to announce that Anders Engdahl, who is an experienced leader and integral part of the company, will take on the role as the new driving force in our company journey.”

“The Board would also like to take this opportunity to thank Mikael Ericson for his great contribution as President and CEO of Intrum. Mikael will remain at the company’s disposal until the end of the year.”