Oct 18 (Reuters) - Intrum, Europe's biggest debt
collector, said on Sunday that its President and Chief Executive
Officer Mikael Ericson will leave the company after four years
in the role and be replaced by Chief Financial Officer Anders
Engdahl will assume the position with immediate effect and
Michael Ladurner will take over as acting Chief Financial
"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," chairman Per E. Larsson said in a statement on Sunday,
noting that Intrum had established a market-leading position
under Ericson's leadership.
Intrum's board said it had agreed with Ericson on the need
for new leadership as the company moved into the next phase of
The Swedish company said in July that it would announce
revised financial targets and share information on new
efficiency measures in the fourth quarter.
Intrum also said it expected its third quarter results to be
substantially above the analyst consensus, posting preliminary
adjusted EBIT of 1.69 billion crowns ($191.01 million), up 25%
from the second quarter.
It is due to report third-quarter results on October 23.
($1 = 8.8475 Swedish crowns)
(Reporting by Rebekah Mathew in Bengaluru; Editing by David
Clarke, Kirsten Donovan)