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Zurich chairman Ackermann quits over CFO’s suicide – corporate

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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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Latest news bulletin | August 1st, 2026 – Morning

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Latest news bulletin | August 1st, 2026 – Morning

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Latest news bulletin | July 23rd, 2026 – Midday

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Latest news bulletin | July 23rd, 2026 – Midday

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Latest news bulletin | June 19th, 2026 – Evening

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Latest news bulletin | June 19th, 2026 – Evening

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Aung San Suu Kyi welcoms Angela Jolie to Myanmar

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August 5, 2026

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Myanmar’s opposition leader and Nobel Peace Prize winner Aung San Suu Kyi has welcomed American actress Angela Jolie to her country.

The two met with female workers in Myanmar’s capital city of Rangoon on Saturday to find out about their working and living conditions.

The women live in low-cost hostels in the city’s industrial zone.

The British Embassy said the actress wanted to learn more from the people “about their concerns and hopes for the future of their country.”

Jolie met the count…
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What is the EU’s plan to triple energy storage as renewable power goes to waste?

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8 hours ago

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August 5, 2026

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EU signs first Tripartite Agreement for Energy Storage 🔋

Brussels, member states, industry, and banks aim to close a major capacity gap key to lower energy costs and grid stability.

But can a non-binding pact deliver the storage Europe needs in time? Watch #EUXL

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