VIG CFO resigns, successor named

Vienna Insurance Group (VIG) said on June 26 that chief financial officer (CFO) Martin Simhandl is resigning for personal reasons.

Simhandl’s contract was due to expire on June 30, 2018. He will be resigning form VIG group’s management board mid-2018. Simhandl will continue to support the company with his expertise in the real estate sector. He was appointed to the VIG managing board in November 2004 and has been acting as CFO of VIG since 2005.

Simhandl will be replaced by Liane Hirner who will become a member of the managing board of VIG on Feb. 1, 2018, to guarantee a long-term and orderly handover, the company said in a June 26 statement.

Hirner has been a partner at PwC for many years specialised in auditing according to national and international standards as well as IFRS consultation and due diligence reviews of insurance companies.

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