Luxembourg, 11 June 2012 – Transcom WorldWide S.A. today announced that the company’s operations in Credit Management Services (CMS) will be managed as a separate business unit, in order to ensure the right level of management attention and focus on driving operational efficiency and growth in this important and distinct area of the business. The cost for the creation of a separate CMS business unit, to be recorded in the second quarter of 2012, is estimated at €0.3 million.
The search for a General Manager for CMS is underway. Until this position has been filled, Transcom’s President & CEO, Johan Eriksson, will head the business unit. Starting in Q3 2012, financial performance will be reported by business unit (CRM and CMS), as well as by region.
“This change will increase transparency and sharpen the executive team’s focus on positioning Transcom to capitalize on opportunities in the CMS area. As we continue our efforts to return the company to healthy profitability and growth, we must examine our organizational and leadership structure to ensure the right level of focus and that we make the best use of our resources”, commented Johan Eriksson, Transcom’s President and CEO.
# # #
For further information, please contact:
Johan Eriksson, President and CEO +46 70 776 80 22
Marcus Süllmann, CFO +352 691 755 060
Stefan Pettersson, Head of Investor Relations +46 70 776 80 88