Coface appoints Ernesto de Martinis as head of the Mediterranean and Africa Region and Pietro Vargiu as country manager in Italy
May 14 2024 - 12:00PM
Coface appoints Ernesto de Martinis as head of the Mediterranean
and Africa Region and Pietro Vargiu as country manager in Italy
Coface appoints Ernesto de Martinis as
head of the Mediterranean and Africa Region and Pietro Vargiu as
country manager in Italy
Paris, 14 May 2024 – 18.00
Coface is announcing two changes in the
Mediterranean and Africa region management with the appointments of
Ernesto de Martinis as Managing Director for the region and Pietro
Vargiu as Country Manager in Italy. These changes will be effective
from 1 July 2024.
Ernesto is based in Milan and will report to
Xavier Durand, CEO of Coface. He replaces Cécile Paillard who will
continue her career outside the Group.
Ernesto joined Coface in 2000 and was appointed
Country Manager of Coface Italy in 2012. Under his leadership,
Coface Italy has become the largest contributor to Coface's
turnover and a strong, profitable, and diversified entity with a
leading position in the credit insurance and bonding market. The
development of business information is a new growth area in the
Italian market, benefiting from positive momentum.
Pietro has a long career in the insurance sector
and has held various positions within Coface for the Italian and
regional activities, in the areas of risk and commercial sales and
underwriting.
Ernesto and Pietro's objective will be to enable
Coface to continue its growth trajectory and to play a key role in
the 2024-2027 "Power the core" strategic plan.
Coface would also like to thank Cécile Paillard
for her commitment over the past 7 years and wish her every success
in her future career.
CONTACTS
ANALYSTS / INVESTORSThomas
JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.comBenoît
CHASTEL: +33 1 49 02 22 28 – benoit.chastel@coface.com
MEDIA RELATIONSSaphia GAOUAOUI:
+33 1 49 02 14 91 – saphia.gaouaoui@coface.comAdrien BILLET: +33 1
49 02 23 6394 – adrien.billet@coface.com
FINANCIAL CALENDAR
2023/2024(subject to change)Annual
General Shareholders’ Meeting 2023: 16 May 2024H1-2024 results: 5
August 2024 (after market close)9M-2024 results: 5 November 2024
(after market close)
FINANCIAL INFORMATIONThis 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 H1-2023 and our 2023 Universal Registration Document
(see part 3.7 “Key financial performance indicators”).
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COFACE: FOR TRADEWith over 75 years of
experience and the most extensive international network, Coface is
a leader in Trade Credit Insurance & risk management, and a
recognized provider of Factoring, Debt Collection, Single Risk
insurance, Bonding, and Information Services. Coface’s experts work
to the beat of the global economy, helping ~50,000 clients in 100
countries build successful, growing, and dynamic businesses. With
Coface’s insight and advice, these companies can make informed
decisions. The Group' solutions strengthen their ability to sell by
providing them with reliable information on their commercial
partners and protecting them against non-payment risks, both
domestically and for export. In 2023, Coface employed ~4,970 people
and registered a turnover of €1.87
billion. www.coface.com COFACE SA is quoted in
Compartment A of Euronext ParisCode 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 2023 Universal Registration Document filed with AMF on 5
April 2024 under the number D.24-0242 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.
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