Executive Change: Coface Names Corine Troncy Global Sales Director

Paris-based Coface, the global provider of accounts receivable management and protection services, has created a new management structure to further enhance its international growth and operations.

Corine Troncy, Executive Vice President at Coface North America, has been named to a newly created position of Sales and Development Director for Coface Holding. In this capacity, Ms. Troncy will be responsible for global sales and marketing efforts for Coface’s four business lines – trade credit insurance, business information, trade receivables management and trade receivables finance/factoring. As such, she will become a member of Coface Holding’s Executive Committee.

Ms. Troncy, who will report to Coface Holding CEO, Jerome Cazes, spent the last seven years developing Coface’s commercial operation in the United States and Canada. She was instrumental in the expansion of the sales force, the rollout of new business lines and the achievement of double digit sales growth in her tenure at Coface North America. Ms. Troncy brings to the position a long history of market development for Coface. She served as General Manager for the company’s Japan operation from 1997 to 2001. Prior to that, Ms. Troncy helped establish the credit insurance operation of Coface UK. She began her career in 1991 at Coface’s headquarters in Paris as a regional Claims and Collections executive.

Ms. Troncy will start full-time in Coface’s Paris headquarters in January 2009. A successor to her current position in North America will be named in the next few months.

About Coface
Coface, rated AA (stable outlook) by Fitch Ratings, AA (negative outlook) by S&P and Aa3 (stable outlook) by Moody's, is a subsidiary of Natixis whose share capital (Tier 1) was 11.7 billion euros at the end of 2007. Coface's mission is to facilitate global business-to-business trade by offering its 120,000 customers four product lines to fully or partly outsource trade relationship management and to finance and protect their receivables: credit insurance, company information and ratings, receivables management and factoring. Coface also offers, in France, management of government export guarantees. Due to the worldwide local service delivered by 7,000 staff in 65 countries, over 45% of the world's 500 largest corporate groups are already customers of Coface. Learn more at www.coface.com.