Baloise Group CEO Martin Strobel announces his departure in 2016

Basel, Martin Strobel, Baloise Group CEO, has announced that he will be standing down on 30 April 2016. Strobel is 49 years old and has been with the company since 1999. He became Group CEO on 1 January 2009. From 2003 to 2008 he was a member of the Corporate Executive Committee with responsibility for Corporate Division Switzerland.

Andreas Burckhardt, Chairman of the Board of Directors of Bâloise Holding Ltd, applauded the Strobel era: "He created the foundations and structures that are enabling Baloise to cope successfully with the current challenges of the financial and currency crisis." Martin Strobel forged ahead with Baloise's consolidation strategy, maintained the strategy of operational excellence and was responsible for the successful reorganisation of the group's German business. As a result, the foundations were laid for Baloise to become one of the most profitable insurance groups in Europe.

Martin Strobel stated that he was resigning for personal reasons. After 17 years at Baloise – 13 as a member of the Corporate Executive Committee – he is looking for a career change. The process to find his successor is timely being launched to enable an orderly handover to a new CEO by the end of April 2016. "Although he is not leaving until the end of April 2016 and I look forward to continuing to work with him until then, I would like to thank Martin Strobel for his commitment and the success he has achieved in the past 17 years. Thanks to Martin Strobel, Baloise is in an excellent position and on course to achieve its targets again in 2015," said Andreas Burckhardt.

Headquartered in Basel, Switzerland, the Baloise Group is a European provider of insurance and pension solutions and has positioned itself as a market player that offers an intelligent 'Safety World' prevention strategy. In Switzerland the Company operates as a focused financial services provider, offering a combination of insurance and banking services. It also has a market presence in Belgium, Germany and Luxembourg. Its distribution network includes its own sales organisation as well as brokers and other partners. The Company uses its competence centre in Luxembourg to run its business in innovative pension products for private customers throughout Europe. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange. The Baloise Group employs some 7,400 people.