The insurer Generali Switzerland is reducing its executive members and merging two divisions.
As part of its «Avanti 2027» strategy launched this year, Generali Switzerland is revamping its organizational structure, effective September 1, it said in an emailed statement Tuesday.
The insurer will streamline its executive board to eight from eleven members and merge its strategic transformation office and operations departments, with the emerging unit falling under the responsibility of former chief transformation officer (CTO) Andreas Schloegl.
Furthermore, Marco Boni is stepping down voluntarily from his chief operation officer (COO) role at Generali Switzerland to focus on his role as COO of Generali International, a role he already covers. Christian Conti, the chief non-life officer at Generali Switzerland, is leaving the company to take on a challenge outside the company, it is said
Improving the Business
«The new structure will enable us to focus even more closely on the transformation we are consistently driving forwards. It will permit us to make decisions more quickly while also improving the flow of information and the way we manage our business,» CEO Christoph Schmallenbach said in the statement.
The legal & regulatory and marketing departments will continue to report directly to the CEO, but the heads of those departments will no longer be part of Generali Switzerland’s executive Board, it said.
As of September 1, Generali Switzerland’s executive board will be composed of the following members:
Christoph Schmallenbach (CEO), Alessio Sarti (CFO), Ralph Schmid (chief life & pension officer and interim chief non-life officer), Sepp Ruchti (chief distribution officer), Andreas Schloegl (chief transformation and operation officer), Jean-Pierre Schmid (chief human resources & organization officer), Philipp Keller (chief risk officer).
