Munich Re welcomes new board chairman

Munich Re welcomes new board chairman | Insurance Business Australia

Munich Re welcomes new board chairman
The board of management at Munich Re has welcomed a new man at its helm, as they said goodbye to the man who headed the group for over 13 years.

At its AGM, Munich Re announced that Joachim Wenning will take over the role as chairman of the board of management, succeeding Nikolaus von Bomhard.

Bernd Pischetsrieder, the chairman of the supervisory board at Munich Re, commended the previous chairman’s contributions to the company.

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“Nikolaus von Bomhard took over at the helm of Munich Re at a difficult time, and successfully repositioned the Group’s strategy; this allowed Munich Re to survive the financial crisis unscathed,” he explained.

The AGM also saw the election of Renata Jungo Brüngger as a member of the Supervisory Board, replacing Wolfgang Mayrhuber whose resignation will take effect from the end of 2016. Brüngger will serve his post until the AGM in 2019.

In addition, Munich Re approved the buy back shares of up to a total amount of 10% of the share capital, valued at around €1 billion, in the period up to next year’s AGM in April.

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