Mubadala-Backed Wefox Appoints CEO to End Shareholder Fight

  • Ex-Allianz manager Joachim Müller becomes startup’s CEO
  • Müller replaces interim CEO Hartigan, who will remain chairman
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Wefox Holding AG appointed former Allianz manager Joachim Müller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders.

Müller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox said in a statement on Thursday. Hartigan will remain chairman of the startup.