VIENNA INSURANCE GROUP: Changes to the Group Managing Board

VIENNA INSURANCE GROUP: Changes to the Group Managing Board

VIENNA INSURANCE GROUP: Changes to the Group Managing Board

The FINANCIAL -- Due to differences in opinion regarding the future strategic orientation and steering of the Group, Peter Hagen will be leaving his position as Chairman of the Managing Board of the Vienna Insurance Group on 31 December 2015 in mutual agreement with the Supervisory Board.

The Supervisory Board on December 2 elected Elisabeth Stadler to be his successor in the position of Chairman of the Managing Board, effective 1 January 2016 to 30 June 2018, according to Vienna Insurance Group.

The Vienna Insurance Group Managing Board will consist of the following Members as of 1 January 2016:

Elisabeth Stadler, CEO

Franz Fuchs

Roland Gröll

Judit Havasi

Peter Höfinger

Martin Simhandl, CFO

From 1 January 2016, Deputy Members for the Managing Board will be:

Martin Diviš, MBA

Gabor Lehel