Ex-Finance Minister and Chancellor Löger is to become VIG boss

Ex-Finance Minister and Chancellor Löger is to become VIG boss

VIG board member Peter Höfinger will be his deputy. The Supervisory Board will discuss this proposal on November 29th. The mandates of Löger and Höfinger are to run from July 1, 2023 to June 30, 2027.

The long-standing CEO of the Vienna Insurance Group (VIG), Elisabeth Stadler, announced at the end of August that she would exercise her mandate, which runs until June 30, 2023, but not extend it. In a broadcast at the time, VIG called the “retirement age reached in 2021” as the reason.

In January 2021, Löger joined the board of directors of the listed insurance group Vienna Insurance Group (VIG). From 2011 to November 2017 he was CEO of UNIQA Austria, which belongs to the UNIQA Group. Before that he worked at Allianz in Styria, 1996/97 for Grazer Wechselseitiger and from 1997 to 2002 he was sales manager at Donau Versicherung.

Between his activities in the insurance sector, Löger made a short but high-level foray into politics. In December 2017, Löger was appointed Minister of Finance by the then Chancellor Sebastian Kurz (ÖVP). He held the position until May 2019. After the motion of no confidence in the Kurz government, he was Vice Chancellor for a week during the government reshuffle and then Chancellor for another week until the transitional government was sworn in under Brigitte Bierlein.

Source: Nachrichten

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