HDI Global names Hermelingmeier new chief financial officer

Industrial insurer HDI Global SE has appointed Christian Hermelingmeier as new chief financial officer (CFO) starting September 2020. He succeeds Clemens Jungsthöfel, who is moving within the Talanx Group to join Hannover Rück SE as CFO.

Hermelingmeier is currently head of controlling in the retail Germany division. In this capacity he serves as a member of the supervisory boards of HDI Lebensversicherung AG, HDI Versicherung AG, HDI Pensionskasse AG and HDI Pensionsmanagement AG. He gained experience in industrial lines while serving as head of operational controlling at HDI Global from 2016 to mid-2018.

Torsten Leue, chairman of the supervisory board of HDI Global SE and CEO of Talanx AG, commented: "I would like to thank Clemens Jungsthöfel for his extremely successful work at HDI Global SE. In recent years he has been instrumental in making HDI Global fit for the future and shaping the cultural transformation. I am delighted that we have been able to recruit such a well-versed financial expert for Hannover Re. I wish him every success in his work.

"I would also like to congratulate Christian Hermelingmeier on his new challenge. He knows the Group and HDI Global and he has vast experience on the finance side. I wish him every success."

Edgar Puls, chief executive officer of HDI Global SE and the member of the Talanx AG board of management responsible for the industrial lines division, said: "While the departure of Clemens Jungsthöfel is a painful loss for us, joining a listed company within the Talanx Group is a terrific step for him to take. He has performed outstanding work for us – my considerable appreciation is matched only by how very pleased I am for him. At the same time, I am looking forward to working with Christian Hermelingmeier. I know him very well from his work with us and I have no doubt that with his cultural awareness he will continue to drive the transformation that has begun at HDI Global SE."