Kosta Cholakov resigns as CEO Interamerican Bulgaria

With effect from 1 May 2013 Kosta Cholakov (41) has decided to step down as CEO of Interamerican Bulgaria. Cholakov found a new challenge with KBC Group where, pending regulatory approval, he will become CEO of DZI Insurance in Bulgaria.

Vice chairman of the board Dominique Bauduin will become CEO a.i. of Interamerican Bulgaria per 1 May. At the same date the management team will be strengthened by George Valais, who is to be appointed as COO a.i. The appointment of Mr. Bauduin is subject to the approval of the Bulgarian regulator.
Achmea's Executive Board is grateful for Kosta Cholakov's contribution and efforts to the development of Interamerican Bulgaria and wishes him every success in his future career.
David Sanderse, Managing Director of Achmea's division International, states: "Achmea enjoyed the benefits of Kosta's professionalism and dedication to Interamerican Bulgaria and Achmea over the last 14 years. I'm proud of the important step he makes in his career, as DZI is one of the largest insurers in Bulgaria. It confirms the prominent position Interamerican takes within the Bulgarian insurance community."