Baloise Insurance faces the loss of two of its top managers next year. Their replacements on the executive committee haven’t been appointed yet.
German Egloff and Martin Wenk announced their decision to step down next year, the listed insurer said in a statement today. They will stay on until the end of April 2017 to allow the company to find the replacements and ensure a smooth transition.
With Egloff (pictured above) and Wenk (pictured below) stepping down, Baloise is faced by the simultaneous resignations of their chief financial officer and chief asset management. The two will step back from their professional commitments after years in the business, Baloise said.
Experienced Managers
Egloff, 58, joined Baloise 2004 as their CFO. Wenk looks back on a career with the Basel-based company spanning almost a quarter of a century, 15 years of which as its head of asset management. Wenk is 59 years of age.
The two managers will remain available for specific tasks after formally stepping down, Baloise also said in today’s statement.
