After almost 30 years with the company, Swiss Re’s CEO will step down next year.
Stefan Lippe joined Baverian Re (which later merged with Swiss Re) in 1983 on a business analysis project. From there he spent 26 years with the company before becoming CEO in 2009.
“In the course of my career at Swiss Re, the company has offered me a series of exciting opportunities. Three years ago I took on the challenge of leading the company through turbulent times as CEO. Today we can say proudly that we have delivered on all of the ambitious targets that we set out at that time,” Lippe said.
“Now that the turnaround has been achieved, a new era begins for Swiss Re with a new corporate structure and refined strategy. This was the right moment for me to choose to inform the Board about my intention to retire early. This lead time should be sufficient to allow for a smooth transition.”
A successor is expected to be appointed soon. Swiss Re provided no details of what Lippe plans to do next.
Walter Kielholz, Chairman of the Board of Directors, said, “The Board of Directors very much regrets Stefan Lippe’s decision to retire early after almost three decades at Swiss Re. Since becoming CEO in 2009, he has led Swiss Re through challenging times, during which we were able to turn around the company”
