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Investing.com -- Munich Re announced that CEO Dr. Joachim Wenning, 60, will retire at the end of 2025 after eight years leading the company.
Current CFO Dr. Christoph Jurecka, 50, will take over as CEO effective January 1, 2026. Jurecka brings extensive experience in both primary insurance and reinsurance activities across the group, along with recognized financial expertise.
The Supervisory Board expressed gratitude to Wenning for his "outstanding performance" during his decades at Munich Re, including his leadership tenure.
Andrew Buchanan, 47, has been appointed to the Board of Management and will succeed Jurecka as CFO. Buchanan joined the group in 2011 and has served as CFO of Reinsurance since 2017.
In addition, Robin Johnson, 57, has been appointed to the Board of Management in the newly created role of Chief Technology Officer. Johnson joined the group in 2017 as Chief Information Officer for Reinsurance and has been CTO of ERGO since 2023.
Nikolaus von Bomhard, Chair of the Supervisory Board and former CEO, praised Wenning’s contributions to the company.
Jefferies noted that while Wenning’s departure is "disappointing" and unexpected, they are "reassured that the group will be in good hands." The firm highlighted that Munich Re shares rose 330% during Wenning’s time as CEO.
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