Jean Lanier, chairman of the Euler Hermes management board will leave his position effective on May 31, 2004, at the end of the 2004 annual shareholders’ meeting of Euler Hermes.
To succeed Lanier, the supervisory board of Euler Hermes has appointed Clemens von Weichs, who is currently serving as chairman of the management board of Euler Hermes Kreditversicherung and as a member of the management board of Euler Hermes.
As of the same date, Jean-Marc Pillu, the current chairman of the management board of Euler Hermes Sfac and a member of the Euler Hermes management board, will also be appointed group general manager (directeur g én éral).
Gerd-Uwe Baden,current chief executive officer of Allianz Suisse, will join the management board of Euler Hermes Kreditversicherung as of October 1, 2003. He is scheduled to replace Von Weichs as of June 1, 2004 as chairman of the management board of Euler Hermes Kreditversicherung and a member of the management board of Euler Hermes.
“In the 13 years that I have led the Euler Hermes Group, I have passionately accepted the challenge for creating this group, defining its business model, and guiding its international growth that culminated with the addition of Hermes,” states Lanier.
“Under the chairmanship of Jean Lanier, the Euler Hermes Group has strengthened its position as the undisputed world leader in credit insurance with the merger of Euler and Hermes in 2002. As chairman of the supervisory board, I want to thank him for his remarkable achievements. Clemens von Weichs has made a significant contribution to the consolidation of Hermes within the group, which will enable it to take the next step in its development,” adds Jean-Philippe Thierry, chairman of the supervisory board of Euler Hermes and chairman and chief executive officer of the AGF group.