news - FMO announces departure of CEO Jurgen Rigterink


FMO announces departure of CEO Jurgen Rigterink

December 13, 2017

FMO announced today that CEO Jürgen Rigterink will resign after nine years at FMO of which the last year as its CEO.

Jürgen Rigterink will leave FMO in April 2018 to join the European Bank for Reconstruction and Development (EBRD) as First Vice-President. The search for his successor has started.

“After nine years with FMO and an exciting year as the company’s CEO, I will embark on a new journey outside FMO to join the EBRD as First Vice-President. The decision to leave FMO was not taken lightly,” Jürgen Rigterink says. “We have just launched a new strategy that will deliver an even higher impact portfolio and deepen our relationships. Every day, I see the positive difference FMO makes in emerging markets. I have nothing but confidence in the highly capable team I have been privileged enough to work with and am proud of what we have accomplished as one of the world’s most successful development finance institutions.”

Pier Vellinga, Chairman of FMO’s Supervisory Board commented: “We are thankful and appreciative of the leadership and contribution Jürgen Rigterink has made during his tenure with FMO, most notably in his role as CEO since October 2016. He has been the driving force behind the next evolution of the company’s strategy, leveraging FMO’s deep sector and geographic expertise to be the preferred partner to invest in local prosperity. We wish him all the best as he moves to a new chapter in his career.”

During his nine years at FMO, Jürgen Rigterink contributed to the company’s growth across all of FMO’s three Directorates (Corporate, Risk Management and Investment). In addition to defining a strategy that increases focus and deepens impact, he launched the banking platform Arise, together with Norfund, FMO and Rabobank, to drive local prosperity and poverty reduction in Africa through effective, inclusive financial intermediation. During his tenure as CEO, FMO also facilitated the first close of Climate Investor One, an innovative sector commitment designed to combat the detrimental effects of unmitigated climate change by accelerating the delivery of renewable energy projects in developing and emerging markets.

While the search for a new CEO is underway, Linda Broekhuizen and Fatoumata Bouare will continue to lead FMO as Chief Investment Officer (CIO) and Chief Risk and Financial Officer (CRFO) respectively.

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