Sector developments and company hires

Intrum says it has reached an agreement with Anders Engdahl, who will step down from his position as president and ceo of the firm and leave with immediate effect. The Intrum board has appointed current board member Andrés Rubio as acting president and ceo, with the recruitment of a permanent solution expected to commence during the autumn.

Engdahl was internally recruited from the cfo role to the ceo position, with the intention of driving the ONE Intrum transformation. While the firm acknowledges that he has managed to grow and transform the business over the last couple of years, the board believes that Intrum has not delivered on its market-leading position and full potential - mainly due to “insufficient commercial development”. Consequently, the board has concluded that a more transformation-oriented and commercial leadership – with a proven track record of similar transformation – is needed to realise the firm’s full value.

Rubio has extensive experience from several management positions - including at Cerberus, Apollo Management International and Altamira Asset Management - and was appointed a board member of Intrum in 2019. One area that he is expected to improve in his new role is Intrum’s organisational structure, by making it clearer, with shorter decision-making paths and improved ways of working.

Rubio will remain a member of the Intrum board.