Vienna Insurance extends CEO contract five years

VIENNA Thu Nov 29, 2012 3:44am EST

Related Topics

VIENNA Nov 29 (Reuters) - Vienna Insurance Group has extended Chief Executive Peter Hagen's contract by five years, the Austrian insurer said on Thursday.

Finance chief Martin Simhandl and other top managers also had their contracts extended to June 30, 2018, the company said in a statement.

Vienna is Austria's largest insurer and market leader in emerging European countries. It did not give a reason for the extensions. (Reporting by Michael Shields; editing by James Jukwey)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video