Zurich Insurance Group says it has appointed Tom deSwaan chairman following the resignation of Josef Ackermann.
Ackermann resigned shortly after the suicide of Zurich CFO Pierre Wauthier. Ackermann said the family of Wauthier in part held Ackermann responsible for his death. Ackermann was named in the suicide note. Citing unnamed sources, reports says Ackermann will also resign his board position at Siemens.
RELATED COVERAGE: Zurich Chairman Ackermann Resigns over CFO Suicide | Ackermann Cited in Suicide Note of Zurich CFO | Disagreement on Targets Preceded Zurich CFO's Suicide
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