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Zurich chairman Ackermann quits over CFO’s suicide – corporate

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8 months ago

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Josef Ackermann has resigned as chairman of Zurich Insurance over the apparent suicide of its chief…

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http://www.euronews.com/2013/08/29/zurich-chairman-ackermann-quits-over-cfo-s-suicide
Josef Ackermann has resigned as chairman of Zurich Insurance over the apparent suicide of its chief financial officer, Pierre Wauthier.

Ackermann – who is the former boss of Deutsche Bank – said he was standing down because Wauthier’s family believed he shared some of the blame for the suicide, something he denied.

“I have reasons to believe that the family is of the opinion that I should take my share of responsibility, as unfounded as any allegations might be,” he said in a statement.

“As a consequence, I see the possibility of a continued successful board leadership to the benefit of Zurich called into question,” he added.

A company spokeswoman did not elaborate on what allegations Ackermann was referring to with regard to Wauthier, who was 53 and leaves a wife and two children.

Since he became chairman, several top managers have left the Swiss insurer which recently posting a 27-percent fall in quarterly net profit due to natural disaster payouts, particularly in the US where it has been more exposed than its rivals.

On Tuesday, police said Wauthier – who was found dead at his home in a lakefront suburb of Zug outside Zurich on Monday – appeared to have committed suicide.

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June 12, 2026

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Pope Leo XIV holds audience with thousands of faithful in Santiago Bernabeu Football stadium

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1 hour ago

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June 12, 2026

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‘Bring your own booze!’: Boris Johnson faces new claims his office held party during lockdown

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It’s claimed that Downing Street staff were invited to a ‘bring your own booze’ garden party at a time when social mixing was banned.

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3 hours ago

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Which do you think it is? Tell us in the comments.

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