Hannover Re: CEO Jean-Jacques Henchoz leaving next year

(CercleFinance.com) - On Friday Hannover Re announced the departure of its CEO Jean-Jacques Henchoz, who will be replaced by the group's CFO in April 2025, after over five years at the helm of the reinsurer.


Aged 60, Jean-Jacques Henchoz did not want to renew his mandate, Hannover Re says, which points out that since his appointment in 2019 the company's market capitalisation has almost doubled, to E29bn, despite the 'turbulent' market environment that has characterised this period.

His successor, Clemens Jungsthöfel, a 54-year-old former KPMG auditor, was chosen in view of the 'exceptional expertise' he has demonstrated as CFO in recent years, Hannover Re said in a statement.

Even so, in Frankfurt, the share was down almost 1% on Friday morning in the wake of this announcement.


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