Euler Hermes Rating GmbH » News » Change in the Management of Euler Hermes Rating GmbH

Change in the Management of Euler Hermes Rating GmbH

Francois Bourgeois (54) has been appointed as new managing director of Euler Hermes Rating GmbH (EH Rating) in Hamburg succeeding Ralf Garrn, who will leave the company. In the past 18 months, Bourgeois has been in charge of launching TRIBRating for EH Rating, a dedicated set of credit assessment solutions for SMEs and MidCaps, developed through the collaboration of Euler Hermes Group and Moody’s Investors Service. He holds an M.B.A. (Insead) and a B.A. in Applied Economics. For more than 20 years he has held senior management positions with a strong track record in the management and transformation of data-driven B2B Services businesses in Europe.

Frédéric Bizière, member of the Board of Management of Euler Hermes Group: “We are delighted to announce Francois Bourgeois, as the new managing director of EH Rating. Under his leadership EH Rating will accelerate its expansion by broadening its offering, expanding to new markets and rolling out its digital platform. We thank Ralf Garrn for his many achievements in founding, running and expanding the Company, laying the foundation for its transformation as a leading market player in credit assessment for SMEs and Midcaps in Europe. We wish him all the best in his future endeavors.”

 

About Euler Hermes Rating

Euler Hermes Rating GmbH (Euler Hermes Rating) was founded in 2001 as an independent European rating agency of the Euler Hermes and Allianz Group focusing on issuer and issue ratings. Euler Hermes Rating is registered as a credit rating agency (CRA) in accordance with Regulation (EC) No 1060/2009 of the European Parliament and Council (as amended) and is considered as an external credit assessment institution (ECAI) by the European Banking Authority (EBA). Euler Hermes Rating is a subsidiary of Euler Hermes, the world leader in trade credit insurance. The Moody’s group owns a minority stake in Euler Hermes Rating.

 

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