Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Industry Spotlight > Mergers and Acquisitions

Zurich Financial Chair Announces Resignation

Your article was successfully shared with the contacts you provided.

NU Online News Service, April 19, 6:06 p.m. – Zurich Financial Services Group Inc., Zurich, says its chairman, Rolf Hueppi, plans to resign at the company’s upcoming annual meeting, as soon as the company appoints a new chief executive officer.

Zurich Financial says its board expects Lodewijk van Wachem, now the vice chairman, to succeed Hueppi, but the company notes that the board must re-elect Wachem before he can take over as chairman.

Hueppi, who has worked for Zurich Life for 39 years, became chairman in 1995. He won a reputation as a master of global mergers and acquisitions, then faced criticism when some of the acquired operations performed poorly and the company had a difficult time coping with investment market volatility.

“It is desirable and important that the new leadership of our group can be established unencumbered by the ongoing public controversy surrounding me,” Hueppi says in a statement accompanying the announcement of his resignation.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.