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Euler Hermes appoints 6 country CEOs

Euler HermesGroup said April 4 that it appointed CEOs for Belgium, the GulfCooperation Council, the Netherlands, Nordic countries, Poland and Russia.

Jules Kappeler was appointed country CEO for the GulfCooperation Council following the resignation of Mahan Bolourchi. Kappeler willreport to Luca Burrafato, head of the Middle East and Africa regions, and willoversee the company's operations in Bahrain, Kuwait, Oman, Qatar, Saudi Arabiaand the United Arab Emirates.

Kappeler has served as CEO of Nordic countries since 2013and will be succeeded in the role by Dominique Spiranski, who will beresponsible for Denmark, Finland, Norway and Sweden. Daria Yakovleva, CFO ofEuler Hermes Russia since 2013, was promoted to country CEO and succeedsSpiranski.

The appointments will be effective May 1 and are subject toregulatory approvals.

Paul Flanagan, who has served as regional risk director for northernEurope since 2010, was appointed country CEO of Euler Hermes Poland, effectiveimmediately. He replaces Rafal Hiszpanski, who resigned.

Francis Jespers, CEO of Euler Hermes Belgium since 2012, wasnamed country CEO of Euler Hermes Netherlands, effective April 1. He succeedsMilo Bogaerts, who was appointed director of market management, commercial anddistribution activities for the Euler Hermes Northern Europe region.

Bernd Lehmann, group head of human resources since 2009,will succeed Jespers as country CEO of Euler Hermes Belgium, effective June 1.

Spiranski, Yakovleva, Flanagan, Jespers and Lehmann will allreport to the head of the Euler Hermes Northern European region, whoseappointment is still pending, following the promotion of former regional head Ludovic Sénécaut tothe Euler Hermes board of management.

Euler Hermes is majority-owned by .