Trade finance firm DS-Concept has promoted John Stillwaggon from senior vice-president of sales to US CEO.

Reporting to Rene Pastor, president of global commercial operations, he is now responsible for leading the company’s strategy and growth in the US.

Pastor says: “John has shown steady growth within our organisation, both in originating new business, as well as in formulating and executing on new strategic initiatives that will push our business into the future. We are excited to have John apply his extensive knowledge and leadership abilities to his new role to help elevate our business even further in the coming years.”

Stillwaggon has been with DS-Concept for the past five years, first as managing director and then as senior vice-president of sales. He previously worked at Coface.

He comments on his appointment: “I am honoured and excited to be given the opportunity to lead DS-Concept’s business in the region.  This is the perfect time to implement changes and improvements that will allow our firm to continue to be a leader in our space.”

German-headquartered DS-Concept has offices and affiliates in the US, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Iceland, Spain, the UK, Hong Kong, China, India and the United Arab Emirates.