Executive Change: Intrum Justitia Names Monika Elling Regional Managing Director for Scandinavia

European accounts receivable management firm Intrum Justitia announces that its CFO, Monika Elling, will assume the position of Regional Managing Director for Scandinavia as of 1 June 2009, taking over after acting Regional Managing Director Mats Göransson. The recruitment process for a new CFO has been initiated. During this transitional period Monika Elling will continue to be engaged in the role as CFO for the group.

“I appreciate that Monika has accepted this critically important position in our group. She will continue to be a Group Management Team member and I am convinced that she will use her in-depth knowledge of the group to contribute to a successful development of our Scandinavian region” says Lars Wollung, President and CEO.

“The inherent potential in the region is considerable and I am confident that we can continue to build on and expand our current position as market leaders in several client segments. We will increase focus on the business and we have a number of interesting concepts that we intend to market to their full potential in order to achieve further improvement” says Monika Elling.

Monika Elling joined Intrum Justitia as CFO in 2005. Before joining the group, she has held a number of various positions, amongst others as analyst at Enskilda Securities in Stockholm, CFO and COO of Arrow Lock Group in the U.S. and as responsible for business development for Securitas. Monika Elling is a Director of Björn Borg AB since April 2009. Monika Elling has a degree from Stockholm School of Economics combined with MBA studies at McGill University in Montreal, Canada, as well as a mechanical engineering degree from Teknikum Växjö.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia was founded in 1923, has 3,400 employees in 24 markets and revenues of approximately SEK 3.7 billion. Intrum Justitia AB is listed on Nasdaq OMX Stockholm since 2002. For further information, please visit www.intrum.com

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