UPDATE 2-French voucher firm Edenred picks Cromology head as new CEO

viernes 11 de septiembre de 2015 07:15 GYT

* Dumazy has international, financial, digital expertise

* Edenred says has strong fundamentals, solid financial structure

* CFO to leave before end of 2015 (Adds comments from interim CEO, shares)

By Dominique Vidalon

PARIS, Sept 11 (Reuters) - French voucher and prepaid card provider Edenred has picked Bertrand Dumazy, head of decorative paints company Cromology, as its new chairman and chief executive to help drive growth that has faltered on the firm's exposure to Brazil.

Dumazy's international profile, his knowledge of the digital world and financial expertise will be key assets, Edenred acting Chairman and CEO Nadra Moussalem told Reuters.

Dumazy, who will take up his position in late October, replaces former Chairman and CEO Jacques Stern, who left the company on July 31 to take over as head of Switzerland-based tax-free shopping business Global Blue..

The 44-year-old joins the owner of the Ticket Restaurant brand as concerns mount over growing risks in Brazil, where Edenred makes about 50 percent of its operating profit.

It exposure to Brazil, where political and economic turmoil has shaken investor confidence, and the surprise announcement of Stern's denature on May 18, have pushed its shares down nearly 30 percent. They were down 3 percent on Friday.   Continuación...