Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.

At the same time the Management Board Member Oskars HARTMANIS was designated to assume the post of Deputy Management Board Chairman, with the terms of the current members Evija MATVEJA and Tadeus PODVORSKI as BTA Management Board Members extended.

During last years, BTA has become an insurance market leader in the Baltic States, ranking second in the insurance industry, by signing EUR 156.6 million in 3Q 2018 GWP.

Wolfgang STOCKMEYER has over two decades of experience in the insurance industry. He has been a member of the BTA Managing Board since October 2016. An insurance expert, he previously worked for the Polish VIG Group companies, most recently as a member of the Compensa Life Managing Board.

"I am much honoured to accept the recognition of the company's shareholders to my work accomplished by now and to become BTA Management Board Chairman. BTA is a major market player in all the Baltic States. Proof to this statement is also the third quarter financial results - the company keeps growing, developing and strengthening its positions on the market as a leading insurer. A task of strategic importance form me at the moment will be to carry out the approved BTA Baltic strategy, which promises new challenges and success. Much has been accomplished during these years, nonetheless we have yet further goals to reach for - in terms of development of technologies, as well as other aspects. Certainly, a strong and professional team is required to accomplish this. And just as that - keen of accepting challenge and motivated specialists are at BTA right now, and I am truly delighted to work with them as a team," says the BTA Management Board chairman Wolfgang STOCKMEYER.

"I am delighted that we have been able to appoint Wolfgang Stockmeyer, a specialist with in-depth knowledge of the insurance industry, and in particular the northern CEE region, to head up BTA. The company is especially innovative with modern structures, and has strong growth prospects in the highly significant Baltic market," explained Franz FUCHS, Member of the Managing Board at VIG and responsible for the Baltic states.

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