DEVK Legal Protection Board: New additions and departures - an overview of the current changes in management

DEVK Legal Protection Board: New additions and departures - an overview of the current changes in management

According to a report by www.dasinvestment.com, DEVK Rechtsschutz-Versicherung has reorganized its board of directors. Annette Hetzenegger and Tarja Radler will be leaving the company and new members will be added to the board. Olaf Nohren, Nabila Abaza-uhrberg and Elmar Kaube joined the board on December 1st, meaning that the board briefly consisted of five people.

Tarja Radler will be leaving the company and moving to Roland Rechtsschutz at the turn of the year. She has been a member of the DEVK board for more than ten years and will work as head of insurance at Roland Rechtsschutz from 2024. Annette Hetzenegger, who has been with DEVK since 1998, will leave the company in April 2024. Olaf Nohren, who will take over the company's operational responsibilities from May 2024, has been working for DEVK for over 40 years, including as Managing Director of DEVK-Service. Nabila Abaza-uhrberg, who has headed the corporate legal department since January 2020, will be primarily responsible for the company's legal issues on the new legal protection board. At the age of 58, Elmar Kaube will remain head of the corporate planning and controlling as well as risk management department and will also take care of the finances of the legal protection board.

The departure of two long-standing board members and the replacement of board positions could have a profound impact on the company's strategy and direction. New board members typically bring fresh ideas and approaches that can lead to changes in company culture and strategy. In addition, the new board members can have an impact on the company's business development and processes with their experience and specialist knowledge.

The succession of the departing board members is crucial for the continuity and stability of the company. DEVK must ensure that the vacant positions are filled with qualified and competent managers in order to ensure the future competitiveness and long-term success of the company.

It will also be of interest to observe how the competitive dynamics and positioning of DEVK in the legal protection insurance industry will develop with the upcoming changes in the board. The company's market share, customer trust and long-term performance could be affected by these personnel changes. DEVK must therefore ensure that the reorganization of the board has a positive effect on the customer, the market and the company as a whole.