CIG Pannónia Life Insurance plc announced that the members of the supervisory board elected Dr. József Bayer as chairman of the Supervisory Board. Between 1 January 1978 and 1 June 1983, he was the secretary responsible for science affairs at the Collegium Hungaricum in Vienna. Between
September 1983 and 1 August 1984, he worked on his dissertation for the Candidate of Sciences degree at the University of Stuttgart, where he also had a guest lecturer role. Between October 1984 and 31 March 1989, he was the General Commercial Director of the Hungarian Television. Dr. József Bayer took part in the establishment of CIG Pannónia Life Insurance Company in 2007, and he was a member of the Audit Committee until 18 April 2013.