Atradius N.V. Mourns Death of Vice Chairman & CMO Dr Peter Ingenlath

Aug 16, 2011, 08:03 ET from Atradius N.V.

AMSTERDAM, August 16, 2011 /PRNewswire/ --

On Saturday 13 August 2011 Dr Peter Ingenlath Vice Chairman and Chief Market Officer (CMO) of Atradius N.V. passed away while on vacation in Germany. Dr Ingenlath was 53 years of age.

Dr Ingenlath had been a member of the Atradius Management Board since 2003 and with Atradius and its predecessor companies since 1990. In addition to his board responsibilities across the Atradius Group, he was Chairman of the Supervisory Board of Graydon Holding N.V., Chairman of the credit insurance commission of the German Insurance Association and a member of the management committee of ICISA.

The Atradius Supervisory Board and Management Board will be working very closely to select a new CMO. In the interim, Isidoro Unda, Chairman and CEO, will assume Dr Ingenlath's responsibilities to provide uninterrupted leadership across the markets and products under Dr Ingenlath's oversight until a new board member is announced.

Isidoro Unda, commented, "Peter has been an integral member of Atradius for many years. He held a great deal of knowledge and insight in the company, the industry and the markets in which we do business. His experience will be difficult to replace. He has however helped to put extremely competent people in the right positions to continue to push our business forward. While his presence will be missed his legacy will live on through the people he has guided."

About Atradius
The Atradius Group provides trade credit insurance, surety and collections services worldwide, and has a presence through 160 offices in 42 countries. Atradius has access to credit information on 60 million companies worldwide and makes more than 20,000 trade credit limit decisions daily. Its products help to protect companies throughout the world from payment default risks associated with selling products and services on credit.

SOURCE Atradius N.V.