The Baloise Group announced that Chief Financial Officer Carsten Stolz will depart the company on December 31, 2025, to pursue new professional challenges outside the organization. Stolz, who joined Baloise in 2002 and was appointed CFO in 2017, has been responsible for the further development and transformation of finance on the Corporate Executive Committee and Group Strategy Board. His departure represents a significant leadership change for the company, which employs 8,000 people and generated a business volume of around CHF 8.6 billion in 2024.
Thomas von Planta, Chairman of the Board of Directors of Baloise Holding Ltd, acknowledged Stolz's contributions, stating that the company is losing a highly experienced executive and proven leader. "Carsten Stolz initiated and successfully implemented the financial transformation of the Baloise Group," von Planta said. The Board of Directors expressed gratitude for his significant contributions over more than two decades. The announcement was made via a press release available on www.newmediawire.com.
This leadership transition comes as Baloise, a European company founded over 160 years ago, aims to make tomorrow more straightforward, safer, and more carefree for its customers. The company's focus on financial transformation under Stolz's tenure has been a key part of its strategic development. Operating in Switzerland, Belgium, Germany, and Luxembourg, Baloise positions itself as more than a traditional insurer, offering smart finance and insurance solutions. Further information about the company is available at www.baloise.com.
The departure of a long-tenured CFO who has been integral to the company's financial strategy carries important implications for Baloise's future direction. As a publicly traded company with shares listed on the SIX Swiss Exchange, leadership stability in financial roles is crucial for investor confidence and strategic continuity. Stolz's role in transforming the finance function during his eight years as CFO suggests his successor will need to maintain momentum in this area while potentially bringing new perspectives to the company's evolving strategy.
The timing of the announcement, with more than a year before Stolz's actual departure, provides Baloise with substantial lead time to identify and transition to a new CFO. This extended notice period is significant as it allows for a thorough search process and ensures continuity in financial leadership during what the company describes as its ongoing transformation. The Board of Directors has wished Stolz all the best for his future endeavors, marking the end of an era for one of the company's most influential financial executives.
