Posted Apr 11, 2022, 2:57 PMUpdated on Apr 11, 2022 at 5:05 PM
Denis Kessler is well on the way to remaining as Chairman of the SCOR group. At its next general meeting, on May 18, the French reinsurer listed in Paris will propose to shareholders to modify the company’s articles of association to raise to 72 the age from which a president in office is deemed to have resigned. Contained in legal documents published on Monday, this resolution paves the way for Denis Kessler to remain in the presidency for two more years.
CEO of the reinsurer for nearly 20 years and credited with the recovery of the group that has become the world’s fourth reinsurer, Denis Kessler handed over the helm of general management last year to Laurent Rousseau to become non-executive chairman. This decision, motivated by “personal reasons”, had created a surprise. Because SCOR had at the same time overhauled the long-awaited succession plan of Denis Kessler by pushing Benoît Ribadeau-Dumas, whose arrival dated back only a few months, to the exit.