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Rolf Dörig new Swiss Life/Rentenanstalt CEO

06.11.2002

The Swiss Life/Rentenanstalt Board of Directors, at its session yesterday under Chairman Andres F. Leuenberger, elected Rolf Dörig as the Group's new CEO. He takes up his responsibilities with immediate effect. In this function Rolf Dörig replaces Roland Chlapowski, who has resigned as Group CEO and will leave Swiss Life/Rentenanstalt at the end of 2002.

Andres F. Leuenberger: "The Board of Directors is aware that confidence has been lost, partly because of the accounting errors but also because of the debate over LTS Ltd. It is vital to reinforce customers' and investors' faith in Swiss Life/Rentenanstalt again, and quickly, as well as the confidence of the authorities and the general public. The Board is convinced that Rolf Dörig has the necessary qualifications to accomplish this as our new Group CEO. Rolf Dörig's professional career is impressive. In particular, his knowledge of our crucial market, the Swiss financial services market, is second to none, and he possesses the necessary integrity to put our company's relationships with all our partners on a new basis of trust."

Rolf Dörig: "Swiss Life/Rentenanstalt has very good employees on its staff. With a concerted effort we will be able to systematically implement the focus on our core business mandated by the Board of Directors and will thus put the company back on the road to success."

Rolf Dörig, 45, an attorney at law with a doctorate in law (Dr. iur.), previously served as CEO of Corporate and Retail Banking at Credit Suisse Financial Services and as Chairman Switzerland for the Credit Suisse Group. Among his other appointments, he is a board member of the Swiss Confederation of Employers and is on the executive board of economiesuisse. Rolf Dörig is married and the father of three sons.


Note to editors

Media conference: Wednesday, 6 November 2002, at 10:00 a.m.

at the Swiss Life/Rentenanstalt Head Office
General-Guisan-Quai 40 in Zurich, 5th floor
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