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 has been with Baloise since 2002, holding various positions at both group level and within its operating business before being appointed CFO in 2017. In that role, he has been responsible for the further development and transformation of finance on the Corporate Executive Committee and Group Strategy Board. The announcement was made via a press release available on www.newmediawire.com.
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. This leadership transition comes as Baloise 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.
The departure of a long-tenured CFO who has been integral to the company's financial strategy represents a significant leadership change for the Baloise Group. As a European company founded over 160 years ago, Baloise employs 8,000 people and generated a business volume of around CHF 8.6 billion in 2024. Its shares are listed on the SIX Swiss Exchange. The company, which operates in Switzerland, Belgium, Germany, and Luxembourg, 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.
This announcement matters because it signals the end of an era for one of Baloise's most influential financial executives during a period of strategic transformation. Stolz's departure after 23 years with the company, including eight years as CFO, creates uncertainty about the continuity of the financial transformation initiatives he spearheaded. For a company that generated CHF 8.6 billion in business volume in 2024, leadership stability in financial management is crucial for maintaining investor confidence and strategic direction. The timing of this announcement, with Stolz remaining through 2025, provides the company with an extended transition period to identify and onboard a successor who can continue the financial transformation journey.
The implications of this leadership change extend beyond the immediate organizational structure. As Baloise positions itself as more than a traditional insurer, offering smart finance and insurance solutions across four European countries, the CFO role is critical to maintaining financial discipline while supporting innovation. The company's ability to navigate this transition smoothly will be closely watched by investors on the SIX Swiss Exchange, where Baloise shares are listed. The Board of Directors has wished Stolz all the best for his future endeavors, but the company now faces the challenge of maintaining momentum in its financial transformation strategy while preparing for new leadership in a key executive position.
