Coface SA: Coface appoints Oscar Villalonga to lead its North America region
Paris, 11 March 2019 - 08h00
Coface appoints Oscar Villalonga to lead its North America region
Coface announces today the appointment of Oscar Villalonga, 52, as the new CEO, North America Region.
He joins the Executive Committee and reports to Xavier Durand, Group CEO. Oscar takes over from Fredrik Murer, who has decided to pursue career opportunities outside the Coface Group. Over the past two years, Fredrik initiated a deep transformation of the North American business, and played a key role in reorganising its distribution network.
Oscar has more than 20 years' experience in senior leadership positions in the financial services industry. He spent most of his career in GE Capital, which he joined in 1996, attaining the role of President & COO for Puerto Rico and the Caribbean basin. In 2005, he moved to GE Capital's headquarters in the US, as Managing Director of the Enterprise Client Group, and became Managing Director of Strategic Pricing & Capital Allocation for the Americas in 2009. In 2010, Oscar was appointed Commercial Leader and Senior Managing Director for Corporate Finance, and more recently led the project financing platform for GE's Distributed Energy Resources projects.
Oscar brings to Coface a breadth of financial services experience and deep business acumen, including strong organisational skills, combined with a proven ability to lead both teams and complex business initiatives.
He holds a degree in Business Administration from the University of Puerto Rico.
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FINANCIAL CALENDAR 2019 (subject to change)
Q1-2019 results: 24 April 2019 (after market close)
Annual General Shareholders' Meeting 2018: 16 May 2019
H1-2019 results: 25 July 2019 (after market close)
9M-2019 results: 23 October 2019 (after market close)
This press release, as well as COFACE SA's integral regulatory information, can be found on the Group's website: http://www.coface.com/Investors
For regulated information on Alternative Performance Measures (APM)
please refer to our Interim Financial Report for S1-2018 and our 2017 Registration Document.
Coface: for trade - Building business together
70 years of experience and the most finely meshed international network have made Coface a reference in credit insurance, risk management and the global economy. With the ambition to become the most agile, global trade credit insurance partner in the industry, Coface's experts work to the beat of the world economy, supporting 50,000 clients in building successful, growing and dynamic businesses. The Group's services and solutions protect and help companies take credit decisions to improve their ability to sell on both their domestic and export markets. In 2018, Coface employed ~4,100 people and registered turnover of
COFACE SA is quoted in Compartment A of Euronext Paris
Code ISIN : FR0010667147 / Mnémonique : COFA
DISCLAIMER - Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 "Main risk factors and their management within the Group" of the Coface Group's 2017 Registration Document filed with AMF on 5 April 2018 under the number No. D.18-0267 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group's businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance