Swiss Life relies on continuity at the top of the Group
Published: Monday, Dec 4th 2023, 15:00
العودة إلى البث المباشر
Change of boss at Swiss Life: the financial group is relying on continuity and proven forces in top management. In May, Group CEO Patrick Frost will step down and hand over the baton to CFO Matthias Aellig. The latter wants to continue the success story.
After 18 years with the Group, ten of which as CEO, Patrick Frost will step down as CEO of Swiss Life on May 15, 2024 on the day of the Annual General Meeting. It is a departure with an announcement: he made this decision after careful consideration, Frost told media representatives on Monday.
In view of the Group's very good performance, Frost added that the time was right for the change. Swiss Life will conclude a further three-year strategy program at the end of 2024 and is on course to achieve or even exceed the targets it has set.
No change of strategy
Swiss Life is tackling the next strategy period with Matthias Aellig at the helm. Aellig, who has held key positions in the Group since 2010 and has been Chief Financial Officer for four years, intends to stick to the path he has chosen. "Swiss Life is very well positioned with its current business model", he said.
Over the years, the Group has evolved from a company with a strong focus on traditional life insurance into a financial group that increasingly offers financial advice and services for institutional investors. The fees earned in this way offered the Group protection in times of rock-bottom interest rates.
"There is no reason for a change in strategy," emphasized Rolf Dörig, Chairman of the Board of Directors. With the appointment of Aellig, the Board of Directors is sending out a signal of continuity. Aellig will also be replaced by an internal candidate, Head of IT Marco Gerussi, as Head of Finance.
There will also be a change at the head of the German unit. Jörg Arnold will retire as Country Head at the end of June 2024. He will be succeeded by Dirk von der Crone, who has worked for Swiss Life since 2005.
Will Frost be president?
Meanwhile, Patrick Frost is taking some time out for the time being. He has no concrete plans for the next two years and will devote more time to his family and his two children, aged eight and ten, he said. However, he still sits on the Board of Directors of the pharmaceutical company Roche and holds other offices.
Frost will then be elected to the Swiss Life Board of Directors at the 2026 Annual General Meeting. Whether he will also immediately replace Rolf Dörig as Chairman remains to be seen. Speculation on this is premature, said Dörig, who will reach the age limit of 70 for Swiss Life Board members in 2027.
©كيستون/إسدا
Arabic 
English 
German 
French 
Spanish