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 both the Corporate Executive Committee and Group Strategy Board. His departure represents a notable leadership change for the European company, which employs 8,000 people and generated a business volume of approximately CHF 8.6 billion in 2024.
Thomas von Planta, Chairman of the Board of Directors of Baloise Holding Ltd, acknowledged Stolz's significant contributions, stating 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 work over more than two decades, according to the announcement made via a press release available on www.newmediawire.com.
This leadership transition occurs as Baloise, a company founded over 160 years ago, continues to position itself as more than a traditional insurer by offering smart finance and insurance solutions. The company operates in Switzerland, Belgium, Germany, and Luxembourg, with its shares listed on the SIX Swiss Exchange. Further information about the company's operations and strategy is available at www.baloise.com.
The departure of a long-tenured CFO who has been integral to the company's financial strategy carries implications for business leaders monitoring executive stability and strategic continuity in the insurance and financial services sectors. Stolz's role in driving financial transformation has been a key component of Baloise's strategic development as the company aims to make tomorrow more straightforward, safer, and more carefree for its customers. 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 most significant financial executives.
For technology and business leaders, this announcement highlights the importance of succession planning and leadership continuity in organizations undergoing digital and financial transformation. The insurance industry's evolution toward more integrated financial solutions requires stable executive leadership to maintain strategic momentum. Stolz's departure after more than two decades with the company, including eight years as CFO, underscores the challenges organizations face in retaining top talent during periods of significant transformation. The timing of this transition, with over a year remaining until his departure, provides Baloise with an opportunity to ensure a smooth handover of financial leadership responsibilities.
