Laurent Mignon appointed Chairman of the Board of Directors of Coface
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 François David, whose mandate has ended.
«I would like to pay tribute to the remarkable work carried out by François David who was Chairman of Coface for more than 18 years. During these years, Coface expanded into 66 countries and became a worldwide leader at the service of companies and their international development”, said Laurent Mignon.
This change of presidency takes place in the continuity of the strategic orientations and the Board of Directors fully supports Coface’s refocusing on its core business, credit insurance. Implemented by Jean- Marc Pillu, Chief Executive Officer of Coface since December 2010, this refocusing, combined with a refined management of risks to better accompany clients has already proven its pertinence through the acceleration of the profitable growth of Coface in 2011 ».
Laurent Mignon
Laurent Mignon is the Chief Executive Officer of Natixis since 2009.
Laurent Mignon spent 10 years at AGF from 1997 until 2007, where he was successively Chief Financial Officer, member of the Executive Committee, Deputy Chief Executive Officer in charge of the Life and Financial Services sector, Chief Executive Officer of AGF Group, Chairman of the Executive Committee and member of the Executive Committee of Allianz.
He was Managing Partner of Oddo & Cie, alongside Philippe Oddo from September 2007 until May 2009.
Laurent Mignon is a member of the Board of Directors and Strategic Committee of Sequana, a member of the Board of Directors and the Audit and Accounts Committee of Arkema, Director of Lazard Ltd, a member of the Board of Directors of Coface and Censor at the Supervisory Board of BPCE. Laurent Mignon, age 48, is a graduate of HEC (1986) and of the Stanford Executive Program.
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 is a subsidiary of Natixis whose Core Tier 1 ratio is 10.2% end December 2011.
www.coface.com
Contacts
Related links
About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
The press area was created by BPCE in order to make it easier for professionals to access Groupe BPCE press releases, images, videos, computer graphics, etc. (hereafter referred to collectively as the “Content”). This Content can be used to illustrate all publications, reports, articles or, more generally, any document or medium designed to inform the public of Groupe BPCE’s activity. You are not allowed to use the Content for commercial or publicity purposes. You are not allowed to modify the Content (except for changes of format). The Content is regularly updated by BPCE, therefore you should frequently access the press area in order to ensure you use the latest version of the Content. Your attention is also drawn to the fact that the Content contains elements considered to be intellectual works protected by copyright law and notably by France’s intellectual property code. Consequently, the photo credit (shown at the bottom right of the photo) and the mention [source BPCE] must be displayed in all publications (printed or electronic). Any user who fails to respect these conditions shall be liable vis-à-vis BPCE, the author of the Content or his/her beneficiaries and, where applicable, the persons whose image is reproduced in the Content. By downloading and, more generally, using all or part of the Content you agree to these terms.