After more than 30 years at Hannover Re, Chief Financial Officer Roland Vogel (60) will retire on Sept. 30, 2020. He will be succeeded by Clemens Jungsthöfel, currently chief financial officer of HDI Global SE.
Jungsthöfel, in turn, will be succeeded, effective Sept. 1, 2020 by Dr. Christian Hermelingmeier, who is currently head of Controlling for the Retail Germany division of the Talanx Group, the parent of Hannover Re and HDI. On that date, Jungsthöfel will be appointed to the executive boards of Hannover Re and E+S Rückversicherung.
Vogel will continue in an advisory role at Hannover Re. His successor, Jungsthöfel (49), has served on the executive board of HDI Global SE since May 2018 with responsibility for the areas of controlling, risk management, corporate development and passive reinsurance. Jungsthöfel was successful in supporting the restructuring of HDI Global’s property business and enjoyed similar success with the finance function, said Hannover Re in a statement.
He previously worked as a partner with the accounting and consulting firm KPMG with responsibility for auditing and advising insurance undertakings. He is a certified public auditor and tax consultant as well as a qualified insurance practitioner. The focus of his work with KPMG was on internationally operating insurance groups, including industrial line and specialty insurers and reinsurers.
Hermelingmeier (39), who will succeed Jungsthöfel as HDI’s CFO, is currently head of Controlling in the Retail Germany division. In this capacity he serves as a member of the supervisory boards of HDI Lebensversicherung AG, HDI Versicherung AG, HDI Pensionskasse AG and HDI Pensionsmanagement AG. He gained experience in industrial lines while serving as head of Operational Controlling at HDI Global from 2016 to mid-2018. He holds a doctorate in business mathematics and is also a certified actuary.
These personnel changes are subject to the approval of the Federal Financial Supervisory Authority (BaFin).
Source: Hannover Re
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