The Baloise Group announced that Chief Financial Officer Carsten Stolz will depart the company on December 31, 2025, to pursue new professional challenges outside the organization. Stolz, who joined Baloise in 2002 and was appointed CFO in 2017, has been responsible for the further development and transformation of finance on the Corporate Executive Committee and Group Strategy Board. His departure represents a significant leadership change for the European company, which was founded over 160 years ago, employs 8,000 people, and generated a business volume of around CHF 8.6 billion in 2024.
Thomas von Planta, Chairman of the Board of Directors of Baloise Holding Ltd, acknowledged Stolz's contributions, stating the company is losing a highly experienced executive and proven leader. "Carsten Stolz initiated and successfully implemented the financial transformation of the Baloise Group," von Planta said. The Board of Directors expressed gratitude for his significant contributions over more than two decades. The announcement was made via a press release available on www.newmediawire.com.
This leadership transition comes as Baloise, which operates in Switzerland, Belgium, Germany, and Luxembourg, aims to make tomorrow more straightforward, safer, and more carefree for its customers. The company positions itself as more than a traditional insurer, offering smart finance and insurance solutions. Further information about the company is available at www.baloise.com. The company's focus on financial transformation under Stolz's tenure has been a key part of its strategic development. The departure of a long-tenured CFO who has been integral to the company's financial strategy is particularly notable given Baloise's status as a publicly traded company with shares listed on the SIX Swiss Exchange.
The Board of Directors has wished Stolz all the best for his future endeavors, marking the end of an era for one of the company's most influential financial executives. The timing of this announcement, more than a year before his actual departure, provides the company with substantial lead time to manage this transition. This planned exit allows for a structured succession process, which is crucial for maintaining stability in the finance function of a major European insurer. The company now faces the challenge of identifying a successor who can continue the financial transformation initiatives that Stolz championed while navigating the evolving landscape of insurance and financial services across multiple European markets.
