on Hannover Rück SE (isin : DE0008402215)
Leadership Change at Hannover Re: New CEO Announced
Hannover Re has announced a leadership transition effective April 1, 2025. Current CEO Jean-Jacques Henchoz will step down, passing the baton to Clemens Jungsthöfel, the current Chief Financial Officer. Henchoz, who has served since 2019, will conclude his tenure on March 31, 2025. Under his leadership, Hannover Re's market capitalization nearly doubled to EUR 29 billion, highlighting strong and profitable growth.
Clemens Jungsthöfel, slated to become the CEO, has shown exceptional financial leadership at Hannover Re and previously at HDI Global. His expertise has been acknowledged by the company's prestige in the capital market. Christian Hermelingmeier, from HDI Global, will replace Jungsthöfel as Hannover Re's CFO, bringing robust international business development experience.
Chairman Torsten Leue expressed regret over Henchoz's departure, crediting him for strategic advancements that bolstered Hannover Re's long-term position. Jungsthöfel's promotion reflects confidence in his industry acumen.
R. P.
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