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UPDATE 1-Debt collector Intrum appoints Anders Engdahl as new CEO

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(Adds appointment of CFO and preliminary Q3 results)

October 18 (Reuters) – Intrum, Europe’s largest debt collection agent, said on Sunday that its chairman and chief executive, Mikael Ericson, would leave the company after four years in office and be replaced by the director financier Anders Engdahl.

Engdahl will assume the position with immediate effect and Michael Ladurner will take over as interim CFO.

We are very pleased to announce that Anders Engdahl, who is an experienced leader and an integral part of the company, will take on the role of the new engine of our corporate journey, Chairman Per E. Larsson said on Sunday in a press release, noting that Intrum has established a market leadership position under the leadership of Ericsons.

The Intrums board said it agrees with Ericson on the need for new leadership as the company enters the next phase of its transformation.

The Swedish company announced 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 significantly above analyst consensus, posting preliminary adjusted EBIT of Kroner 1.69 billion ($ 191.01 million), up from 25% compared to the second trimester.

It is due to release its third quarter results on October 23. ($ 1 = SEK 8.8475) (Reporting by Rebekah Mathew in Bengaluru; Editing by David Clarke, Kirsten Donovan)

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