DEVK overhauls leadership with five new divisions for sharper growth
DEVK has restructured its executive board into five distinct divisions, each with a clear focus. The move aims to sharpen decision-making and improve responsiveness to market changes. The new setup also supports the company’s ongoing digital transformation and regulatory compliance.
The revised leadership team now includes dedicated heads for Strategy & Governance, Customer, People, Finance, and Workplace divisions. Each division will oversee key areas, ensuring a more streamlined approach to operations and growth.
Michael Knaup, 52, remains CEO and will lead the Strategy & Governance division. He has highlighted the new structure as a strong foundation for DEVK’s future, enabling faster adaptation to industry demands.
The Customer division, central to DEVK’s focus on members and policyholders, is headed by Dr. Michael Zons, 50. His responsibilities cover product development, customer service, and claims management across property, casualty, and life insurance.
Annette Hetzenegger, 60, takes charge of the Finance division. She will manage the group’s investments, which total around €23.4 billion for the 2024 fiscal year.
Dietmar Scheel, 61, leads the People division, overseeing sales, marketing, and human resources. His role ensures alignment between staff development and the company’s commercial objectives.
Manuela Moog, 55, heads the Workplace division, which includes IT, telecommunications, quality control, and central services. Her team supports the infrastructure needed for daily operations.
Additionally, News has been established as a standalone division with an international focus. Dr. Fabian Pütz, 34, oversees its strategic direction, while Dr. Thomas Weber manages the department’s day-to-day operations.
The reorganisation separates responsibilities more clearly, reducing bottlenecks in decision-making. This allows DEVK to react quicker to market shifts, meet regulatory requirements efficiently, and push forward with its digital initiatives in a more coordinated way.
The new executive board structure at DEVK assigns dedicated leaders to each core division. This change is designed to enhance agility, strengthen customer focus, and support long-term growth.
With investments of €23.4 billion under management and a sharper operational framework, the company expects to navigate future challenges more effectively. The restructuring also reinforces DEVK’s commitment to digital progress and regulatory compliance.
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