PressNewsCompanyAppointments: Axel Theis succeeds Clement B. Booth as Euler Hermes Supervisory Board Chairman; Marita Kraemer, Ramon Fernandez appointed to the Supervisory Board

Axel Theis succeeds Clement B. Booth as Euler Hermes Supervisory Board Chairman; Marita Kraemer, Ramon Fernandez appointed to the Supervisory Board

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Euler Hermes Group announced the appointment of Marita Kraemer and Ramon Fernandez to its Supervisory Board following today’s shareholders meeting in Paris. They respectively replace Clement B. Booth, member of the Supervisory Board since September 2009 who resigned at the end of this shareholders’ meeting, and Jean-Hervé Lorenzi, member of the Supervisory Board since November 2004, whose mandate expired.
 

Allianz SE
Munich, May 25, 2016

Allianz-From left to right: Wilfried Verstraete, Chairman of the Euler Hermes Board of Management ; Clement B. Booth, former Chairman of the Euler Hermes Supervisory Board;  Axel Theis, new Chairman of the Euler Hermes Supervisory Board

From left to right: Wilfried Verstraete, Chairman of the Euler Hermes Board of Management; Clement B. Booth, former Chairman of the Euler Hermes Supervisory Board; Axel Theis, new Chairman of the Euler Hermes Supervisory Board

The Euler Hermes Supervisory Board appointed Axel Theis as chairman, succeeding Clement B. Booth. Since January 2015, Axel Theis is a member of the Allianz SE Board of Management responsible for the global industrial insurance business, credit insurance, reinsurance and the insurance business in the United Kingdom and Ireland and, since September 2015, additionally responsible for the insurance business in Australia. He is also chairman of the Supervisory Board of Allianz Global Corporate & Specialty SE (AGCS), having been its chief executive officer from 2006 to 2014. In addition, Axel Theis is chairman of the Board of Directors of Allianz Insurance plc, Allianz Irish Life Holdings plc and Allianz UK Ltd.
 
Marita Kraemer, who served as a member of the board of Zurich Group Germany from 1999 to 2015, is appointed for a two year term. She is the fifth woman appointed to the current Euler Hermes Supervisory Board composed of eleven members, joining Brigitte Bovermann, vice-chairwoman and head of the Global Insurance Lines & Anglo Markets division of Allianz SE; Ümit Boyner, executive board member at Boyner Holding A.S.; Elizabeth Corley, vice-chair of Allianz Global Investors and Maria Garaña, vice-president of Microsoft EMEA.
 
Ramon Fernandez has been appointed a member of the Supervisory Board for a three-year-term. He is chief executive officer delegate at Orange responsible for Group Finance and Strategy.
 
The shareholders also reappointed Brigitte Bovermann, Ümit Boyner, Elizabeth Corley, Nicolas Dufourcq, Thomas-Bernd Quaas, and Jacques Richier as members of the Supervisory Board, each for a term of three years.

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Remi Calvet
Euler Hermes
Phone +33.1.84.11.61.41

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