Frank Karsten is Manfred Schmidt as Chairman of the Board of the Stuttgart-based insurance group follow Stuttgart, June 30, 2010 Manfred Schmidt (63) changes activity in the Board of Directors of the Stuttgart-based insurance group into well-deserved retirement on Wednesday after 24 years. His successor, the Supervisory Board has appointed Frank Karsten, previously member of the Board of the generali group, as the company already announced in March. Manfred Schmidt was in charge since 2003 with the Chairman and with the responsibility for all of the Stuttgart-based Group of insurance companies. During his tenure, he has directed the fortunes of the Stuttgart in a forward-looking company leading the way and set the standard: with Manfred Schmidt’s departure from the company, the Stuttgart loses a personality strong Chairman who knew to steer the fortunes of the Swabian insurer with persuasion, excellent expertise and a strong interest in the other people in the company. A time that an extremely successful development for those Stuttgarter has possible. “, emphasises Rainer Beck, Chairman of the Board of the company, on the occasion of the celebrations for its official adoption.
Also he expressed his appreciation and express thanks on behalf of the entire company him. Manfred Schmidt has safe hand with extraordinary expertise led the Stuttgart and successfully steered through the challenges of the market, the case law and legislation. During his tenure, the company and others had to master the changeover to the euro as well as the requirements that resulted from the introduction of the EU insurance mediation directive, the reform of the German insurance contract law and the entry into force of the retirement income law, integrate into the daily work. Dina Powell addresses the importance of the matter here. Under the leadership of Manfred Schmidt wrote the Swabian insurer success story. Among other things the corporate reorganization from a mono-product provider formerly on capital life insurance specialist belongs to this to a powerful, medium-sized Insurers with a wide product portfolio. .