EULER HERMES: Euler Hermes shareholders' meeting appoints Ümit Boyner to the Supervisory Board Euler Hermes shareholders' meeting appoints Ümit Boyner to the Supervisory Board PARIS - 23 OCTOBER 2013 - Euler Hermes announced the appointment of Mrs. Ümit Boyner to its Supervisory Board following today's shareholders' meeting in Paris. Ümit Boyner is an executive board member responsible for finance and investments at Boyner Holding A.S., Turkey's largest non-food retailer. Her three-year appointment to the Euler Hermes Board is effective until the 2016 annual shareholders' meeting. Commenting on the appointment, Clem Booth, chairman of the Euler Hermes Supervisory Board, said: "As we look to the future, we are very pleased to welcome Ümit Boyner as a member. Her understanding of the dynamic and strategically important Turkish, Middle East and Asian growth markets adds a valuable dimension in our role as counsel to the Euler Hermes leadership." "Joining the Euler Hermes Supervisory Board is a great honor," said Ümit Boyner. "I look forward to the opportunity to strengthen the bridges between Europe and Asia, and within Turkey as it builds on its deep history as a regional and global trading hub. In addition, Turkey is increasingly adopting best practices and institutions in the financial sector, where Euler Hermes is a recognized global leader." The Euler Hermes Supervisory Board has qualified Ümit Boyner as an independent member according to criteria defined by the AFEP/MEDEF Code of Corporate Governance to which the Group adheres. She is the third woman appointed to the Supervisory Board joining Brigitte Bovermann, vice-chairwoman, and head of the Global Insurance Lines & Anglo Markets division of Allianz SE and Elizabeth Corley, CEO of Allianz Global Investors. Ümit Boyner biography Ümit Boyner, aged 50, holds a degree in Economics and Political Science from the University of Rochester (USA) and has also completed the Financial Management Program of Columbia University Graduate School of Business (USA). She began her career in credit analysis in banking, before moving to financial management. In 1994, she joined Boyner Holding as vice-president in charge of finance and has served as Executive Board Member since 2002. She chaired the Board of Directors of the TÜSIAD (Turkish Business and Industry Association) from 2010 to 2013, having led its EU Affairs Committee since 2005. Earlier this year, Ümit Boyner was appointed as International Advisory Board member of UniCredit SpA. ******* Media Contacts Euler Hermes Group Media Relations Ogilvy Public Relations Worldwide Remi Calvet- +33(0)1 84 11 61 41 Lorenzo Ricci - +33(0)1 53 67 12 83 email@example.com firstname.lastname@example.org Euler Hermes is the worldwide leader in credit insurance and one of the leaders in the areas of bonding, guarantees and collections. With 6,000+ employees in over 50 countries, Euler Hermes offers a complete range of services for the management of B-to-B trade receivables and posted a consolidated turnover of €2.4 billion in 2012. Euler Hermes has developed a credit intelligence network that enables it to analyse the financial stability of 40+ million businesses across the globe. The Group insured worldwide business transactions totalling €770 billion exposure end of December 2012. Euler Hermes, a company of Allianz, is listed on Euronext Paris. The Group is rated AA- by Standard & Poor's. For more information visit www.eulerhermes.com or follow us on Twitter:@eulerhermes Cautionary note regarding forward-looking statements: The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Euler Hermes Group's core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) persistency levels, (v) the extent of credit defaults, (vi) interest rate levels, (vii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (viii) changing levels of competition, (ix) changes in laws and regulations, including monetary convergence and the European Monetary Union, (x) changes in the policies of central banks and/or foreign governments, (xi) the impact of acquisitions, including related integration issues, (xii) reorganization measures, and (xiii) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The company assumes no obligation to update any forward-looking statement. EH appoints Ümit Boyner to the Supervisory Board ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: EULER HERMES via Thomson Reuters ONE HUG#1737667
EULER HERMES: Euler Hermes shareholders' meeting appoints Ümit Boyner to the Supervisory Board
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