Lothar Meyer (Manager)

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Lothar Meyer (born January 16, 1943 in Kolberg , † February 20, 2019 ) was a German manager .

Life

Meyer studied business administration in Tübingen , Munich and Mannheim and worked in Mannheim as an assistant to Professor Dieter Farny at the chair for insurance management, where he also received his doctorate with the thesis "Assessment of insurance companies". From 1972 to 1974 he worked initially at Bayerische Rückversicherungs AG , then from 1975 to 1980 at Schweizer Rückversicherung Beteiligungen AG . From 1980 to 1996 Meyer worked for the Kölnische Rückversicherungsgesellschaft , first as a head of department, then for 13 years as CFO. In the Cologne Reinsurance Company, his area of ​​responsibility was expanded more and more until it finally comprised seven departments.

From 1996 to 1999 Meyer was a member of the board of the AMB Aachener und Münchener Beteiligungs-Aktiengesellschaft .

From 2000 until his retirement at the end of 2007, Meyer was CEO of the Ergo Insurance Group , the second largest insurance group in Germany (as well as chairman of the supervisory board of Victoria Versicherung Aktiengesellschaft ), and in this role was responsible for the areas of strategy, law, sales, human resources, accounting / controlling / Taxes as well as press and investor relations. He replaced Edgar Jannott , who was retiring due to old age.

At the beginning of his tenure as CEO, ERGO was delisted from the stock exchange in 2001 , after Munich Re had made the remaining free shareholders a takeover offer that secured them a 10% premium if they were accepted.

A short time later, ERGO was hit hard by the bursting of the dot-com bubble . In its investment policy, ERGO relied on a relatively high equity quota (and thus generated good returns for its customers during the bull market ). In 2001 the equity quota was 23.9%. The bursting of the bubble resulted in the greatest loss in the company's history. In 2002 the company had to report write-downs on its share portfolio of 2.9 billion euros after the first nine months of the financial year.

In the following two years, Lothar Meyer completely rebuilt the group. As an immediate measure, a cost-cutting program was decided that by 2005 saved around 300 million euros and cost 1,500 jobs. Another step was taken in 2004. While the company was previously organized according to the brands (i.e. the original company from which ERGO was formed), a division has now been set up with the three pillars of life, health and property / casualty insurance. The internal processes have been standardized.

His successor as chairman of the board was Torsten Oletzky.

In 2002 Meyer became a member of the supervisory board of HypoVereinsbank (HVB). Even after the takeover of HVB by the Italian Unicredit group in 2005, he remained on the supervisory board. Meyer was then a member of the Supervisory Board of ERGO Insurance Group AG.

Publications

  • The Overall Assessment of Insurance Companies - A Contribution to the Theory of Overall Assessment , Mannheim 1973. (Univ.-Diss.)

Web links

Individual evidence

  1. ↑ according to Meyer, Jannott follows ; in: Frankfurter Allgemeine Zeitung ., May 25, 1999, no 118, p 32 it is in Lech am Arlberg born
  2. ↑ »Lothar Meyer died. In: versicherungsmonitor.de. February 27, 2019, accessed February 28, 2019 .
  3. ^ Lothar Meyer 60 years; in: Frankfurter Allgemeine Zeitung, January 15, 2003, No. 12, p. 16
  4. ↑ Walter Habel (Ed.): Who is who? The German Who's Who. XLVI. Edition 2007/08. Lübeck 2007, p. 886.
  5. ↑ Change at the top of the Ergo; in: Frankfurter Allgemeine Sonntagszeitung, January 2, 2000, No. 52, p. 33
  6. ↑ "Hypo-Vereinsbank is our dream partner" - Ergo is not saying goodbye to the stock exchange / Meyer with good figures on the Munich Re board; in: Frankfurter Allgemeine Zeitung, April 6, 2001, No. 82, p. 20
  7. ↑ Ergo slips deep into the loss zone; in: Frankfurter Allgemeine Zeitung, November 29, 2002, No. 278, p. 14
  8. ↑ Ergo is aiming for the profit zone again after record loss - Group is fundamentally restructured / High depreciation leads to loss / No capital increase planned; in: Frankfurter Allgemeine Zeitung, April 6, 2004, No. 82, p. 15
  9. ↑ Ergo-Chef retires; in: Handelsblatt of March 15, 2007
  10. ↑ Generation change in the board; in: manager magazin from March 15, 2007
  11. ↑ Changes in the supervisory board of Allianz and HVB; in: Frankfurter Allgemeine Zeitung, March 16, 2002, No. 64, p. 15
  12. ↑ Large chair on the HVB Supervisory Board; in: Frankfurter Allgemeine Zeitung, October 28, 2005, No. 251, p. 21
personal data
SURNAME Meyer, Lothar
BRIEF DESCRIPTION German manager
DATE OF BIRTH January 16, 1943
PLACE OF BIRTH Kolberg
DATE OF DEATH 20th February 2019