Executive Change: Erik Forsberg Named CFO at Intrum Justitia

European ARM firm Intrum Justitia Thursday announced the hiring of Erik Forsberg to be the company’s new Chief Financial Officer.

Erik Forsberg is currently CFO at the PR software company Cision, which is listed on the NASDAQ OMX Smallcap list. Cision employs around 1,300 people and maintains operations in Europe, North America and Asia. Erik Forsberg has previously held positions as CFO, Group Treasurer and Business Controller at companies including EF Education.

”I am happy to welcome Erik Forsberg to Intrum Justitia and our group management team. His skills and track record are aligned with what we need in order to secure attractive opportunities. A core experience required for us the coming years is change management in an international environment, an area in which Erik has an excellent track record. We have great opportunities to develop and grow our business over the years and I believe Erik will make a perfect member of our team,” says Lars Wollung, President and CEO of Intrum Justitia.

The current CFO, Bengt Lejdström, will remain in his current role as CFO until sometime during the fourth quarter 2011, when Erik Forsberg takes on his new position.

“We have now finalized an intensive period of turnaround and the creation of a strong organization. Bengt Lejdström has played an important role in this process of rejuvenation at Intrum Justitia and I am grateful for his contribution. I wish him all the best in his future ventures,” says Lars Wollung.

“Intrum Justitia is an attractive company that has embarked on an exciting strategic journey to strengthen its position as a leader in the credit management industry. I believe that my extensive experience working in highly international organizations will be valuable in my new role and I look forward to this new challenge, says Erik Forsberg.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients’ cash flows and long-term profitability including purchase of receivables. Founded in 1923, Intrum Justitia has some 3,100 employees in 22 countries. Consolidated revenues amounted to SEK 3.8 billion in 2010. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002.