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Intrum Justitia Merges Scandinavia, Finland, Baltics Regions For Synergies

Sweden-based credit management services company Intrum Justitia's organizational regions Scandinavia and Finland and Baltics will be merged to one region - Northern Europe. The new region will include Finland, Sweden, Denmark, Norway, Estonia, Latvia and Lithuania.

The new region is expected to create synergies in sales, purchased debt and IT. Starting from the third quarter 2010 reporting, the new region will be consolidated and presented as one region in the financial figures.

Rickard Westlund has been appointed regional managing director for Northern Europe. He joined Intrum Justitia as managing director for Intrum Justitia Sweden in November 2009 and assumed the position as acting regional managing director for region Scandinavia in January 2010. He has previously held several positions at Lindorff and Aktiv Kapital. He has also 13 years of experience from Swedbank.

Thomas Feodoroff, currently regional managing director for Finland and Baltics, as well as country manager for Finland, will continue to work for the Intrum Justitia Group focusing on building the group sales capability.

Tommi Sova has been appointed managing director for Finland. He currently holds the position as regional sales ad marketing director in Finland and Baltics.

Each country in the region Northern Europe will have a managing director.

Founded in 1923, Intrum Justitia offers services designed to improve clients’ cash flows. It has around 3,400 employees in 22 countries and revenues of approximately SEK 4.1bn in 2009.