The Board of Directors of Coface met today and appointed Laurent Mignon Chairman of the Board of Directors of the company.  Laurent Mignon is the Chief Executive Officer of Natixis, shareholder of Coface.  He takes over from Francois David, whose mandate has ended.

The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2011, the Group posted a consolidated turnover of €1.6 billion. 4,600 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 157 countries, based on its unique knowledge of companies’ payment behaviour and on the expertise of its 250 underwriters.  In France, Coface manages export public guarantees on behalf of the French state.

Coface manages, finances and protects customer portfolios while enabling companies to outsource all or part of their receivables management, as well as the related risks: Credit Insurance, Factoring, Corporate Rating and Business Information, and Receivables Management.

Source: Coface Press Release