Corporate News

Dr Thomas Noth leaves Talanx Board by mutual agreement on the best of terms

  • After successful consolidation of IT the separate function of Chief Information Officer on the Group Board of Management is no longer necessary
  • Chief Executive Officer of Talanx AG, Herbert K. Haas, will take responsibility for the central function Information Technology in future

The Chief Information Officer of the Talanx Group, Dr Thomas Noth, will leave the Board of Management of Talanx AG by mutual agreement on the best of terms when his contract comes to an end on 31 May 2014. At his own request, he will also step down as Chief Executive Officer of Talanx Systeme AG. Dr Noth and the Supervisory Boards of both companies reached mutual agreement on these changes. At the same time, the Members of the Supervisory Boards would like to take this opportunity to express their thanks for his successful work at the Talanx Group.

Against the background of successful consolidation of domestic information technology within the Talanx Group, the Supervisory Board of Talanx AG believes that a separate CIO function is no longer necessary on the Board of Management of the holding company. In future, the Chief Executive Officer of Talanx AG, Herbert K. Haas, will be responsible for the central function Information Technology.

The responsibilities “Chair, Controlling and Transformation” currently borne by Dr Thomas Noth on the Management Board of Talanx Systeme AG will then be taken over by Jörn Stapelfeld until further notice and he will continue to bear responsibility for the “Operations and Claims” division on the Management Board of Talanx Deutschland AG.


Disclaimer

This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.