The company said on Friday that Michel Demare will take over from outgoing Chairman Leif Johansson, who, like Soriot, has been in his leadership position for about a decade.

"Michel and I will be working together and forming an excellent team for the many years to come," Soriot said on an analyst call after the company released its quarterly results.

(Reporting by Ludwig Burger and Natalie Grover; editing by Jason Neely)