Changes on the Board of Directors of Bâloise Holding Ltd

Basel, German economics professor Hans-Jörg Schmidt-Trenz is to join Bâloise Holding Ltd’s Board of Directors. Werner Kummer has decided not to stand for re-election at the Annual General Meeting in 2018.

Nomination of Professor Hans-Jörg Schmidt-Trenz

The Board of Directors of Bâloise Holding Ltd has decided to propose Hans-Jörg Schmidt-Trenz for election at the Annual General Meeting on 27 April 2018. Schmidt-Trenz (58) is a professor of economics at the University of Hamburg and Saarland University in Germany. He is President of the HSBA Hamburg School of Business Administration and, was Chief Executive Officer of the Hamburg Chamber of Commerce from 1996 to 2017.

“With his excellent network of international contacts, invaluable knowledge of finance and insurance, and his long-standing role as Chief Executive Officer of the Hamburg Chamber of Commerce, Professor Schmidt-Trenz will be a fantastic addition to the Board of Directors,” explains Andreas Burckhardt, Chairman of the Board of Directors of Bâloise Holding Ltd.

Andreas Burckhardt thanks Werner Kummer

Werner Kummer has decided not to stand for re-election at the 2018 Annual General Meeting of Bâloise Holding Ltd. Kummer (70) joined the Board of Directors in 2000. He has been on the Audit and Risk Committee (formerly the Audit Committee) since 2002, becoming its chairman in 2004. Kummer is also a member of the Chairman’s Committee and Vice-Chairman of the Board of Directors.

“During his many years on the Board of Directors, Werner Kummer has helped to shape Baloise and its success, demonstrating prudence and a wealth of expertise from his work in Swiss industry. The Board of Directors would like to take this opportunity to thank him for his outstanding achievements and wishes him and his family the very best for the future,” says Andreas Burckhardt.

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,300 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.