AXIS Capital (AXS) Announces Executive Manangement Transition
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AXIS Capital Holdings Limited (NYSE: AXS) announced the details of management transitions in AXIS Re, which will become effective over the balance of the year.
At the end of this year, Karl Mayr, currently CEO and President of AXIS Re Europe, reporting to Jay Nichols, CEO of AXIS Re, will retire as CEO of AXIS Re Europe and assume the new role of Vice Chairman of AXIS Re. In anticipation of that change, Stephan Knipper will succeed Karl in the role of President of AXIS Re Europe, effective May 1, 2012. As President, Stephan will assume responsibility for the operating activities of AXIS Re Europe. Upon Karl’s retirement as CEO at the end of the year, Stephan will assume the additional role of CEO of AXIS Re Europe.
At the end of this year, Karl Mayr, currently CEO and President of AXIS Re Europe, reporting to Jay Nichols, CEO of AXIS Re, will retire as CEO of AXIS Re Europe and assume the new role of Vice Chairman of AXIS Re. In anticipation of that change, Stephan Knipper will succeed Karl in the role of President of AXIS Re Europe, effective May 1, 2012. As President, Stephan will assume responsibility for the operating activities of AXIS Re Europe. Upon Karl’s retirement as CEO at the end of the year, Stephan will assume the additional role of CEO of AXIS Re Europe.
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