Global group Zurich Financial Services (ZFS) has restructured its management as part of its streamlining exercise.
Constantine Iordanou, until now chief executive officer (CEO) of North America corporate and a member of the group management board, assumes the newly-created position of senior executive vice president, group operations and business development.
The former 11 global and regional businesses will be consolidated into five business divisions, each of which will be headed by a CEO. These include Peter Eckert (CEO continental Europe business division); Martin Feinstein (CEO North America consumer and Latin America business division); Steven Gluckstern (CEO global asset business division); Alexander Leitch (CEO North America corporate region); and John Amore (CEO North America corporate business division).
The reconstituted group executive committee includes the five business division CEOs, the senior executive vice-president of group operations and business development, and the chief financial officer, Gunther Gose.
The decision making body is headed by group chairman, Rolf Huppi.
*Frank Schnewlin, head of ZFS’s corporate centre and member of the executive committee of the group management board since will be quitting the company by the year end. A spokeswoman said that the role would be redundant as a result of the restructuring and tasks would be distributed amongst existing staff.
By Madhu Kalia
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.