After less than three months in his new job as chief executive officer of the Düsseldorf-based insurance company Ergo, Markus Riess has announced internally how he plans to whip the firm into shape.
It’s no easy task. Over the last quarter, the subsidiary of reinsurance giant Munich Re announced a decline in operating results, largely because of problems with its life insurance segment. Meanwhile, the company created by the merger of several individual insurance firms is still struggling with differences in its entrepreneurial culture.
But Mr. Riess, 49, is an ambitious mover and shaker and will pursue his goals at a brisk pace.