Generali Holding Vienna AG

euro adhoc: Generali Holding Vienna AG
Board of Directors (Appointments and Changes)
Generali Holding Vienna: New CEO from 2005 (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

Dietrich Karner to Hand Over Chairmanship of the Managing Board of Generali Holding Vienna AG to Karl Stoss at Beginning of 2005.

The course has now been set for the appointment of a successor to Dietrich Karner (aged 65) as Chairman of the Managing Board of Generali Holding Vienna AG, Vienna. Karl Stoss (aged 47) was presented to the Supervisory Board of this listed company as designated Chairman of the Managing Board during the Supervisory Board's meeting yesterday. Stoss, currently a member of the Managing Board of Raiffeisen Zentralbank Oesterreich AG (RZB), will be recommended to the Supervisory Board for election into the Managing Board, which he would join on 1 October 2004. He would then take over chairmanship of the Managing Board from Dietrich Karner at the beginning of 2005.

Karner: "A forward-looking decision that sends out a clear signal" Karner sees Karl Stoss' appointment as a clear signal on the part of the group's parent in Trieste that the Generali Vienna Group is to travel a path of steady further development. "I am delighted that we have been able to find an excellently qualified top-of-the-line Austrian executive to succeed me." He will also be bringing his expertise from the banking industry to bear for the benefit of the companies group, which is one of the three leaders in the Austrian insurance market and is also playing a leading role in Central and Eastern Europe. His appointment reflects the group's strategic orientation as Austria's only fully integrated financial services provider. To quote Karner, "I see the planned appointment as a very forward-looking decision. Mr Stoss will be taking over as head of a group of companies with an excellently functioning management, highly motivated employees, streamlined organizational structures, healthy foundations and profitable lines of business in a total of eight countries. I am fully confident that the points have been set in precisely the right direction."

Karl Stoss was born in the Province of Vorarlberg. He has been a member of the Managing Board of RZB since 1 December 2001. Before that, he was second in command at Oesterreichische Postsparkasse AG for four years, having already acted as consultant to that company. He was Partner and Division Manager at the MZSG Management Centre in St. Gallen from 1986 to 1996. He worked for insurer Vorarlberger Landesversicherung from 1984 to 1986. Karl Stoss read business administration at Innsbruck University, where he also worked as a contractual assistant professor for two years and as a lecturer from 1987 to 1998. His résumé is rounded off by his international activities as a lecturer and writer. Karl Stoss is married with three children. This lover of the arts and culture also includes mountaineering and skiing among his favourite hobbies.

Dietrich Karner celebrated his 65th birthday at the end of January. He has led Generali Holding Vienna AG since 1986. A trained jurist born in Rome, he has worked for the Generali Group since 1963. Karner is among other things President of the Austrian Association of Insurance Companies, a member of supervisory boards both within and outside the group, and President of the Gesellschaft der Musikfreunde in Wien and the Generali Foundation.

end of announcement            euro adhoc 26.02.2004

Further inquiry note: Generali  Holding Vienna AG Josef Hlinka Tel.: (++43-1) 534 01-1375 Fax: (++43-1) 534 01-1593

Branche: Insurance
ISIN:      AT0000661350
WKN:        066135
Index:    ATX, ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade

Weitere Meldungen: Generali Holding Vienna AG

Das könnte Sie auch interessieren: