From 1 May, François Pauly will become chairman of the board of directors of the Lalux Group’s insurance companies, succeeding Pit Hentgen after twenty-four years in the post. He had “expressed his wish to step down” at the general meeting on Friday 24 April, according to a statement released on Thursday.

This handover reflects a spirit of continuity rather than a break with the past. Pit Hentgen is not leaving the company entirely. He remains a member of the board of directors, a way of preserving strategic insight within a group where family and historical ties continue to play a defining role. As for operational management, there are no changes: Christian Strasser retains executive control, with the task of ensuring the group’s stability.

François Pauly’s background does not represent a radical departure either. As the grandson of Aloyse Hentgen – one of the founding figures of La Luxembourgeoise – just like Pit Hentgen, he too embodies this family tradition. At 61, he brings a wealth of experience in banking and insurance. Having worked at Banque Internationale in Luxembourg, where he held several senior management positions, he has served on the group’s governing bodies for over thirty years. Since 2012, he has chaired Compagnie Financière La Luxembourgeoise and had also been appointed as the next chairman of the Supervisory Board of the ‘Vatican Bank’ at the end of March. With over 500 employees and a network of 700 agents, Lalux remains one of the major players in the Luxembourg market.