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Heinrich Focke resigns from Gerling (Gerling gibt Vorstandschef Heinrich Focke nach gut einem Jahr den Laufpass).

Europe Intelligence Wire

| March 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Borsen-Zeitung)

Heinrich Focke, chairman of ailing German insurance group Gerling, has resigned as of 1 March 2003 after only one year in office. The group refused to comment on the reasons for Mr Focke's resignation yesterday, but market insiders claim that he lacked management abilities and failed to restructure Gerling.

Under Mr Focke's reign, the planned sale of Gerling Globale Ruck, the group's loss-making reinsurance ...

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