FMO names Peter van Mierlo as new CEO

3rd May 2018 Jack Aldane

The Dutch development bank FMO has hired Peter van Mierlo to head up the institution in place of Jürgen Rigterink, who has joined the European Bank for Reconstruction and Development.

Mierlo comes to FMO from professional services firm PricewaterhouseCoopers, where he held the position of chairman of the board of management of the firm’s Netherlands headquarters. Linda Broekhuizen, FMO’s Chief Investment Officer (CIO) and its Chief Risk and Finance Officer (CRFO), and Fatoumata Bouaré, comprise FMO’s management board along with Mierlo.

Peter van Mierlo said he is a “fervent advocate of cultural diversity, gender equality and conducting business responsibly”, adding that the new position would allow him to “build local prosperity with a team that has proven expertise in inclusive and sustainable economic development in emerging markets”.

He added: “I am looking forward to working together with all of my new colleagues at FMO and our partners to make this happen.”

Pier Vellinga, chairman of the supervisory board of FMO, said: “Peter van Mierlo brings a breadth of knowledge, leadership and top-level management experience.

“Not only does he bring strong leadership to FMO in a fast-changing environment, his skills in supporting complex and far reaching strategic and financial decisions have earned him the respect of many top professionals. We are delighted to have him on board.”

Mierlo began his career as an audit professional at Coopers & Lybrand, which merged with Price Waterhouse to form PwC in 1998. In 1987, he became a partner of the firm, and has since led teams as transaction leader and member and chairman of the assurance board. In 2009 he joined the Board of Management of PwC, where he was appointed chairman in the Netherlands in 2013. He holds a Master’s degree in Economics from Erasmus University.

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