Swiss-based reinsurer Converium announced that Paolo De Martin and Andreas Zdrenyk have been appointed as new members of the Company’s Global Executive Committee, as Chief Financial Officer and Chief Operating Officer respectively. The appointments take effect as of July 1, 2006.
De Martin, 36, an Italian citizen, is currently CFO of GE Frankona group, based in Munich. He took on this task in 2003, following the successful performance of a variety of internal audit and financial planning roles within GE.
Zdrenyk, 46, a Swiss citizen, currently serves as Converium’s interim Chief Financial Officer, a role he assumed in February 2005. As the new COO, he will be responsible for operations management including Information Technology.
CEO Inga Beale commented: “I am delighted that Paolo De Martin will join Converium. His distinct global leadership experience and specific expertise in all relevant finance areas, including rating agency relations and regulatory matters, will boost our efforts to complete Converium’s turnaround and to re-establish the Company as one of the world’s top ten reinsurance players.
“My sincere thanks go to Andreas Zdrenyk who has successfully managed our finance function in a very challenging transition period, which also saw the restatement of prior year financial accounts. I am pleased that Andy will now take on the new role of COO, enabling Converium to benefit from his vast experience in operational management. The creation of this function demonstrates Converium’s commitment to process excellence as a key prerequisite to our future success.”
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