BRUSSELS, Belgium, Jan. 28, 2005 (PRIMEZONE) -- At his first meeting with analysts and the press since becoming CEO of Fortis, Jean-Paul Votron will today discuss his ambitions for Fortis. While the presented strategy is a continuation of the previous one, it puts a particular emphasis on the customers and on European expansion. Fortis aims at a double-digit organic growth over the 2005-2009 period.
"Fortis is a diamond in the rough," says Mr Votron. "I have discovered a company where the employees truly have the power to achieve outstanding results in terms of the management of multiple distribution channels, profitable integration of businesses, leading edge cost management and achievements in specific areas of the banking and insurance sectors. Being one company with banking and insurance as two highly profitable activities, we now want to exploit this potential to accelerate growth while continuing to strictly control costs. In addition to double-digit organic growth, selective acquisitions and partnerships will help Fortis to secure a strategic position in Europe."
You can read the entire press release in the pdf-file below. http://hugin.info/134212/R/977857/144293.pdf