The Supervisory Board of Talanx AG has approved a series of upcoming leadership changes, nominating Torsten Leue as Chief Executive Officer (CEO), Sven Fokkema as a member of the Talanx AG Board of Management, and Herbert Haas as a Supervisory Board member.
The personnel changes at Talanx AG, the parent company to reinsurance firm Hannover Re, are due to take effect after the Annual General Meeting on 8th May 2018.
The twelve year Chairman of the Supervisory Board, Wolf-Dieter Baumgartl, will not be standing for re-election at next year’s Annual General Meeting on 8 May 2018.
The current CEO, Herbert Haas, will stand for election to the Supervisory Board at this General Meeting – while stepping down from the Board of Management – at the request of the majority shareholder HDI V.a.G.
If elected, Haas will be a candidate to chair the Supervisory Board.
Wolf-Dieter Baumgartl, Chairman of the Supervisory Board of Talanx AG, said; “I am delighted that we have been able to position the Board of Management and Supervisory Board for the future with experienced and highly competent senior executives – in the case of the Board of Management from among the company’s own ranks; and I am also very pleased that the Talanx Group will continue to benefit from the expertise of Mr Haas.
“With this new leadership we have found a healthy balance between continuity and future readiness. I would like to thank all those concerned for their very successful work in their previous roles and I also wish them every success in their new tasks going forward.”
Haas has served as CEO of Talanx AG since July 2006. During his term of office as CEO Gerling was integrated into the Talanx Group and the company was successfully launched on the stock exchange.
He led the systematic alignment of the Group with its customer segments: industrial and retail customers, both in Germany and internationally, as well as reinsurance clients.
Under his leadership Talanx AG doubled its premium volume from EUR 15.4 billion to more than EUR 31.1 billion in 2016 and significantly increased its profitability.
Torsten Leue has previously served as the member of the Board of Management responsible for international business with retail customers and also as Chief Executive Officer of Talanx International AG.
Sven Fokkema is Torsten Leue’s successor as Chief Executive Officer of Talanx International AG – he currently serves as a member of the Management Board of Talanx International AG responsible for business in Europe.
