MICROCAPITAL BRIEF: Peter van Mierlo Succeeding Jurgen Rigterink as CEO of FMO, Dutch Investor in Microfinance, Energy, Agribusiness in Frontier Markets

As of July, Peter van Mierlo will take the position of CEO at Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a development bank controlled by the Dutch government. Jurgen Rigterink left the position in April to return to the European Bank for Reconstruction and Development, a multilateral institution based in the UK.

Mr van Mierlo is leaving the positions of Chairman of the Board of Management of PwC Netherlands and Managing Partner of PwC Europe. In 1987, he joined Coopers & Lybrand, which merged with Price Waterhouse in 1998 to form PricewaterhouseCoopers (PwC).

The vision of FMO is to help abolish extreme poverty, increase equality and support measures that reduce climate change. Its investment themes are (1) agribusiness, food and water; (2) energy; and (3) financial institutions. FMO, which is 49-percent held by private-sector actors, reports total assets of EUR 8.4 billion (USD 10.4 billion) as of June 2017.

Sources and Additional Resources:

FMO press release
https://www.fmo.nl/news-detail/c31fc1ec-ade2-4719-b798-5ac764aeaa88/fmo-appoints-peter-van-mierlo-as-chief-executive-officer

FMO financials as of June 2017
https://www.fmo.nl/l/library/download/urn:uuid:806f7aa7-ba1f-4ed0-a034-308ba6a84f58/interim_report_17_fmo+final.pdf?format=save_to_disk&ext=.pdf

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