Talanx reveals new CEO; reshuffles top leadership

Talanx, the parent company of Hannover Re, has appointed Torsten Leue as its new chief executive officer. The current CEO, Herbert Haas, will step down from the board of management at the request of the majority shareholder HDI.

The company's supervisory board has made several leadership changes that will take effect after its Annual General Meeting in May 2018.

Haas will stand for election to the supervisory board at the general meeting. If elected, he will be a candidate to chair the supervisory board. Haas has served as CEO of Talanx AG since July 2006.

After serving in this role for 12 years, the current chairman of the supervisory board, Wolf-Dieter Baumgartl, will not be standing for re-election.

Leue's successor as CEO of Talanx International AG will be Sven Fokkema, currently the member of the management board of Talanx International AG responsible for business in Europe. Fokkema has been appointed to the board of management of Talanx AG.

Wolf-Dieter Baumgartl, chairman of the supervisory board of Talanx AG, commented: "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."

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