Intrum Justitia AB: Alessandro Pappalardo to be Appointed New Director of Purchased Debt at Intrum Justitia

Alessandro Pappalardo will be appointed Director of Purchased Debt at Intrum Justitia. Alessandro has been employed at Intrum Justitia since 2013, currently holding the position as Deputy Director of Purchased Debt. He has about 10 years of experience investing in European loan portfolios at Goldman Sachs. Alessandro is an Italian native with a degree in Economics from the Bocconi University.

Alessandro Pappalardo will assume his new position on February 1 2015, succeeding Lars Wollung, Intrum’s CEO and President, who has held the role as Acting Director of Purchased Debt since April 2014.

"I am very pleased to promote Alessandro Pappalardo to the role as Director of Purchased Debt. Alessandro has extensive industry experience and a broad international network. During his time with Intrum Justitia, he has made significant contributions to strengthening our purchased debt operations,” says Lars Wollung, CEO and President Intrum Justitia.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated revenues amounted to about SEK 4.6 billion in 2013. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com

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