Oliver Willmes takes over as Chairman of the Board of ERGO International AG

Subject to the approval of the appropriate Supervisory Authorities, Oliver Willmes will take over the position as Chairman of the Board of ERGO International AG as from 1 October. Alexander Ankel, the current Chairman of the Board of ERGO International AG, will continue to be a member of supervisory boards and act as a consultant for ERGO.

Oliver Willmes (45), who holds a doctorate in economics, has been with ERGO since 2004. He has held various management positions over the last twelve years, and was involved in the development of the ERGO Strategy Programme (ESP) in 2015/16. Since September 2017, he has shaped the strategic orientation of the company and steered the execution of the ERGO Strategy Programme as Head of Corporate Development.

Alexander Ankel (54) has been Chairman of the Board of Management and Chief Operating Officer of ERGO International AG since 1 November 2016. He has implemented the ESP, including the cost optimization project in the international companies. He has thus made a substantial contribution to ERGO’s reorientation over the past few years. In particular, Alexander Ankel successfully executed the important consolidation of the international business portfolio. He will move into the supervisory board of ERGO International AG and continue to hold mandates on the supervisory boards of ERGO Greece P&C and HDFC ERGO India. In addition, he will act in an advisory capacity for the ERGO Group. The Supervisory Board would like to thank him for his achievements and commitment as Chairman of the Board of ERGO International AG.

Markus Rieß, Chairman of the Board of the ERGO Group AG: “We are pleased that we will still have Alexander Ankel at our side. He is a respected and well-connected expert in the international insurance community. He successfully guided implementation of the ESP in the international companies during a phase of cost discipline and optimisation of the international portfolio and in doing so has contributed a great deal to the reorientation of ERGO in recent years. I thank him for our successful cooperation during this period. I am delighted that, in Oliver Willmes, we were able find the right person from within our Group to take over this challenging job.”