OREANDA-NEWS. The Corporate Executive Committee members German Egloff and Martin Wenk have decided, after giving many years of service to the Baloise Group, to step back from their professional commitments in 2017. It has been agreed that they will stand down from the Corporate Executive Committee on 30 April 2017 in order to make the handover to their successors, who are still to be appointed, as smooth as possible. They will both continue to be available to Baloise for specific tasks.

Gert De Winter, CEO of the Baloise Group: "Martin Wenk has steered the fortunes of Baloise's investment policy for nearly 25 years. For 15 of those years he has headed up Asset Management and been a member of the Corporate Executive Committee. Over a long period and in difficult times, he has successfully managed the investment of insurance assets. By initiating a number of organisational changes Martin Wenk has turned Asset Management into a reliable and important contributor to the holding company. German Egloff joined Baloise in December 2004 as CFO and at the same became a member of the Corporate Executive Committee. He played a key role in putting Baloise's system of capital management on a stable and reliable footing that has endured for many years. German Egloff has also modernised our investor relations work. I would like to thank my two colleagues for the many years of dedication that they have given to the Corporate Executive Committee and the success that they have brought us."

German Egloff and Martin Wenk will remain in charge to oversee the annual financial reporting for 2016. They will begin to step back from their roles on the Corporate Executive Committee following Bâloise Holding's 2017 AGM and will officially step down on 30 April 2017. After this date, they will be available to lend their expertise for specific internal and external tasks. This will allow their respective duties to be handed over to their successors within the time that still remains.