With effect from 1 July 2015 Jean-Marc Servat takes over from Richard Raeburn as Chairman of the European Association of Corporate Treasurers (EACT). Richard is retiring from the role after more than seven years leading the EACT. During that time the EACT has had a significant impact on the post-crisis financial regulatory agenda within Europe, establishing the organisation and its members as having a legitimate voice on the detailed impact of regulation. Jean-Marc is an experienced treasurer and has previously represented the Swiss treasury association (ACTSR) on the EACT board. He brings a strong international background and understanding of the objectives of the EACT. Richard said: "There is still an enormous opportunity for the EACT to contribute to strengthening the treasury profession in Europe and to influence the development of policy as this impacts treasury management. I'm confident that Jean-Marc will do an excellent leadership job at the head of the EACT" Jean-Marc said: "I'm very excited to be taking over as EACT Chairman at a time when our voice continues to be vitally important in helping to build strong treasury management and careers for European treasurers."