Tommy Persson to leave as Managing Director at 2008 Annual General Meeting
At the Annual General Meeting to be held on May 23, 2008, the Managing Director of Länsförsäkringar AB Tommy Persson is to leave after twelve years in this position. The process of recruiting a successor has already commenced. Persson will be elected President of CEA, the European insurance and reinsurance federation, in June 2008 and will also serve as a senior advisor to Länsförsäkringar AB.
Tommy Persson, Managing Director and CEO of Länsförsäkringar AB, has announced that he is to leave his position at the Annual General Meeting to be held on May 23, 2008. Persson will take office as the President of CEA, the European insurance and reinsurance federation, in June 2008. He will also remain as a senior advisor to Länsförsäkringar AB.
“Tommy has performed exceptionally during his long period as Managing Director. He has successfully led the work on developing Länsförsäkringar to what it is today – attractive, financially strong and with the most satisfied customers in the industry. We have chosen to plan a change in managing director well in advance, which is why we are announcing at this early stage that Tommy is to leave in May next year. The process of recruiting a successor to carry on Tommy’s work has also already commenced. I aim to present a new CEO in good time prior to the Annual General Meeting,” says Hans Jonsson, Chairman of the Board of Länsförsäkringar AB.
Tommy Persson joined Länsförsäkringar in 1996 from Posten AB, at which he was Vice President. Tommy Persson also has a background in the forest industry, holding such positions as Managing Director of Holmen Hygien and as a Product-line Director at Electrolux.
“I will soon have served as the CEO of Länsförsäkringar AB for 12 years and I will turn 60 next year. These 12 years have been challenging yet highly stimulating, during which we have jointly succeeded in substantially strengthening the position of the regional insurance companies in the Swedish non-life insurance market, while at the same time making significant achievements in life assurance and banking. The strong position of the Länsförsäkringar Alliance has paved the way for continued favorable growth for the 24 regional insurance companies and internationally,” comments Tommy Persson.
Länsförsäkringar AB is owned by 24 regional insurance companies. The Länsförsäkringar AB Group includes Länsförsäkringar Liv (life), Länsförsäkringar Sak (non-life), Länsförsäkringar Bank (banking) and Agria Djurförsäkring (animal/crop insurance).