The Vienna Insurance Group (VIG) set the course for the replacement of the executive floor on Wednesday. According to this, Deputy CEO Hartwig Löger, ex-Finance Minister and short-term chancellor for the ÖVP and before that UNIQA Austria boss, should become CEO. VIG board member Peter Höfinger will be his deputy.
The Supervisory Board will discuss this proposal on 29 November. The terms of office of Löger and Höfinger run from 1 July 2023 to 30 June 2027.
The long-standing CEO of the Vienna Insurance Group (VIG), Elisabeth Stadler, announced in late August that she would exercise but not renew her mandate, which runs until June 30, 2023. In a broadcast from the time, VIG mentioned the “retirement age reached in 2021” as the reason.
Löger .’s career stages
In January 2021, Löger joined the board of directors of the listed insurance group Vienna Insurance Group (VIG). From 2011 to November 2017, he was CEO of UNIQA Austria, which is part of the UNIQA Group. Before that he worked at Allianz in Styria, 1996/97 for Grazer Wechselseitiger and from 1997 to 2002 he was sales manager at Donau Versicherung.
excursion into politics
In between his activities in the insurance sector, Löger made a short but important step into politics. In December 2017, Löger was appointed Minister of Finance by the then Chancellor Sebastian Kurz (ÖVP). He held the position until May 2019. After the vote of no confidence in Kurz’s government, he was vice chancellor for a week during the government reshuffle and then chancellor for another week until the transitional government under Brigitte Bierlein was sworn in.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
