Wüstenrot & Württembergische AG announced that Michael Gutjahr will become CFO as of April 30. Gutjahr replaces Jan Wicke, who is leaving to become board member responsible for German retail at Talanx AG. He will later become CEO of Talanx Deutschland AG.

Gutjahr is the board member responsible for personnel and labor at W&W. Susanne Pauser, chief representative of personnel, will take on greater responsibility as Gutjahr takes on his new role. Board member Ruth Martin, responsible for life insurance, will also retire from the board. Her replacement is being sought.

The number of board members will therefore reduce to three from four, with Martin's responsibilities divided between the three.