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ERGO Board: Theo Kokkalas and Oliver Willmes with new responsibilities


Media Information, 20.09.2024

As of January 1, 2025, Theo Kokkalas, currently Chairman of the Board of ERGO Deutschland AG and Chief Operating Officer of ERGO Germany, and Oliver Willmes, currently Chairman of the Board of ERGO International AG and Chief Operating Officer of ERGO International, will exchange their board responsibilities. Accordingly, Theo Kokkalas will be responsible for ERGO's international business and Oliver Willmes will be responsible for ERGO's activities in Germany.

ERGO Tower in Düsseldorf

"Theo Kokkalas and Oliver Willmes have both delivered exceptional performances in their previous roles and have significantly advanced our business both domestically and internationally. Before we start implementing our next strategy program in 2026, we are already setting a significant course for the future success of ERGO with this crucial change of responsibilities," says Markus Rieß, CEO of the ERGO Group.

"Theo Kokkalas has efficiently and successfully developed ERGO’s business in Germany in recent years, making it more resilient and more dynamic. Based on this, ERGO Deutschland AG provides a very strong contribution to the group's results. In parallel, Oliver Willmes has consistently restructured our international portfolio, making a significant contribution to the strong growth in results of ERGO International AG in recent years. Therefore, I am very pleased that through the exchange of responsibilities, we can best leverage the strengths and successful strategies of both to continue profitable growth in all ERGO markets," says Markus Rieß.

Theo Kokkalas has been working in various management positions for ERGO since 2004. From 2004 to 2020, he was responsible for ERGO's activities in Greece as Chairman of the Board, and from 2012, also in Turkey. Since May 2020, he has been Chief Operating Officer and Chairman of the Board of ERGO Deutschland AG.

Oliver Willmes began his career at ERGO in 2004. After holding various leadership positions in Germany and abroad at ERGO Group AG, he took over responsibility for ERGO International AG as Chief Operating Officer and Chairman of the Board in 2019.

Theodoros Kokkalas
Theo Kokkalas
Dr. Oliver Martin Willmes
Oliver Willmes

For further information, please contact:

Mirko Alexander Kahre
Mirko-Alexandrer Kahre

ERGO Group AG
Head of Global Corporate Communications

Tel +49 211 477-3025
mirko-alexander.kahre@ergo.de

mediarelations@ergo.de

About ERGO Group AG

ERGO is one of the major insurance groups in Germany and Europe. The Group is represented in over 20 countries worldwide, with a focus on Europe and Asia. ERGO offers its retail and corporate customers a broad product portfolio in all the main clas-ses of insurance as well as comprehensive assistance and other services. Three units operate under the umbrella of ERGO Group AG: ERGO Deutschland AG, ERGO International AG and ERGO Technology & Services Management AG. The German and international businesses as well as the global management of IT and technology services are organized in these units. About 38,700 people work either as salaried employees or as full-time self-employed sales representatives for the Group. In the 2023 financial year, ERGO generated insurance revenue of 20.1 billion euros and a net result of 721 million euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.  
More at www.ergo.com

Disclaimer

This media information contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Group. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forwardlooking statements or to conform them to future events or developments.

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