Global trade credit insurer has announced the appointment of Loeiz Limon-Duparcmeur as the new group chief financial officer (CFO) and member of the board of management, effective 1 April 2020.

Limon-Duparcmeur, currently group head of risk underwriting will succeed Chantal Schumacher who has decided to take on a new role in Allianz SE.

Limon-Duparcmeur joined Euler Hermes in 1995 as an investment manager for Euler SFAC. Since then he has held several senior controlling and finance positions in France, the Netherlands, United Kingdom, Italy and at group level. In 2016 he was country CEO for Euler Hermes Italy before joining the group again in 2019 as group head of risk underwriting.

Wilfried Verstraete, chairman of the Euler Hermes Board of Management, said: "I would like to thank Chantal for her support and commitment to the Group and to welcome Loeiz to the EH Board of Management. I am confident that Loeiz with his in depth knowledge of our business and with his broad international experience will do a great job in his new role. This appointment demonstrates once again the depth and breadth of experience of our teams all around the globe.”