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Michael Müller to be new CEO of the Baloise Group

Baloise Holding AG / Key word(s): Personnel

18-Jan-2023 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR (SIX) and pursuant to Art. 16 KR (BX)
The issuer is solely responsible for the content of this announcement.

Basel, 18 January 2023. Baloise CEO Gert De Winter has decided to step down as Group CEO. The Board of Directors of Bâloise Holding Ltd has appointed Michael Müller (52) to replace him with effect from 1 July 2023.

After around 18 years of service at Baloise, Gert De Winter will be leaving the Company at his own request on 30 June 2023 in order to devote himself to various projects that are close to his heart. “The decision to leave Baloise was not an easy one but, in the wake of events in my personal life over the past twelve months, I am certain that now is the right time to realign the priorities in my life. I would like to thank all my colleagues for the close and purposeful working relationship that we have established over the years. Our Baloise culture is unique, and I am confident that it will remain the key to the Company’s success going forward.”

The Chairman of the Board of Directors Thomas von Planta is grateful to Gert De Winter for everything that he has achieved during his tenure: “Gert has been a huge asset to Baloise, and I would like to express my thanks to him on behalf of the entire Board of Directors. The insurance industry is undergoing a fundamental transformation and, since taking on his role, Gert has made sure that Baloise is fully prepared for these changes.”

The baton will pass to Michael Müller when he becomes the new CEO of the Baloise Group on 1 July 2023.

“We are delighted to have found an outstanding successor in Michael for the position of Group CEO, and he stood out from the field of internal and external candidates,” says Thomas von Planta. “Michael has got to know the insurance business from the ground up, and the fact that a former Baloise management trainee is now taking charge of the Company is testament to our long-term focus on developing the next generation of employees in preparation for the future. Michael represents continuity but will also provide impetus to take the Company forward in his new role. I wish Michael every success and I look forward to working with him, the Board of Directors, and all employees to write the next chapter in Baloise’s 160-year success story.”

Michael Müller says: “I am delighted and honoured to be appointed to the role of Group CEO. Gert is handing over a strong organisation, and I am highly motivated to lead our Baloise into the future with the rest of the team. I will build on the strengths of previous years in order to ensure Baloise remains a highly attractive, reliable and responsible company for our employees, customers and shareholders.”

Michael Müller (Swiss, born in 1971) joined Baloise in 1997 after studying economics at the University of Zurich. He held various financial roles in the Group and in the Corporate Division Switzerland. In 2011, he then took over at the helm of the Swiss business as CEO, successfully steering it through the challenges of the past twelve years. Michael is Vice-President of the Swiss Insurance Association (SIA) and a member of the Executive Committee of the Swiss Employers Confederation (SAV).

The decision on the new Group CEO is subject to the approval of the Swiss Financial Market Supervisory Authority (FINMA). The process to find a successor to head up the Corporate Division Switzerland is expected to begin at the end of January 2023.

 

Further information

Contact
Baloise, Aeschengraben 21, 
CH-4002 Basel
Website: www.baloise.com
E-Mail: media.relations@baloise.com / investor.relations@baloise.com
Media Relations: Tel:
+41 58 285 82 14
Investor Relations: Tel: +41 58 285 81 81

About Baloise

The focus is firmly on the future at Baloise as part of its «Simply Safe» strategy. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and mobility, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 9,600 million in 2021 and a profit of CHF 588.4 million. Bâloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.


End of Inside Information

Language:

English

Company:

Baloise Holding AG

Aeschengraben 21

4002 Basel

Switzerland

Phone:

+41 61 285 85 85

Fax:

+41 61 285 70 70

E-mail:

media.relations@baloise.com

Internet:

https://www.baloise.com

ISIN:

CH0012410517

Listed:

BX Berne eXchange; SIX Swiss Exchange

EQS News ID:

1537399


 

End of Announcement

EQS News Service

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