The Baloise Group announced that Chief Financial Officer Carsten Stolz will depart the organization on December 31, 2025, to pursue new professional challenges outside the company. Stolz has been with Baloise since 2002, holding various positions at both group and operational levels before his appointment to CFO in 2017. During his tenure as CFO, he has been responsible for the further development and transformation of finance on both the Corporate Executive Committee and Group Strategy Board, playing a pivotal role in the company's strategic financial direction.
Thomas von Planta, Chairman of the Board of Directors of Baloise Holding Ltd, acknowledged Stolz's substantial 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 in the announcement. The Board of Directors expressed gratitude for his significant contributions over more than two decades, highlighting his role in shaping the company's financial strategy during a period of significant evolution. The announcement was made via a press release available on www.newmediawire.com.
This departure represents a significant leadership transition for the Baloise Group, a European company founded over 160 years ago that employs 8,000 people and generated a business volume of approximately CHF 8.6 billion in 2024. The company, whose shares are listed on the SIX Swiss Exchange, operates in Switzerland, Belgium, Germany, and Luxembourg, positioning itself as more than a traditional insurer by offering smart finance and insurance solutions. Further information about the company's operations and strategy is available at www.baloise.com.
The timing of this leadership change is particularly noteworthy as it occurs while Baloise continues to pursue its mission of making tomorrow more straightforward, safer, and more carefree for its customers. The financial transformation that Stolz spearheaded has been a cornerstone of the company's strategic development, making his departure a notable event for stakeholders monitoring the company's direction. For HR vendors and industry observers, this announcement signals potential shifts in financial strategy, vendor relationships, and leadership dynamics within a major European financial services organization.
The Board of Directors has wished Stolz success in his future endeavors, marking the conclusion of an influential chapter for one of the company's key financial executives. For the human resources industry and vendors serving this sector, such high-profile departures often trigger organizational reassessments, potential restructuring of financial operations, and opportunities for new leadership to implement different approaches to talent management and financial strategy. The extended notice period until the end of 2025 suggests a planned transition, giving the company substantial time to identify a successor and ensure continuity in its financial transformation initiatives.
