Corporate Management

Supervisory Board
  • Peter Höfinger - Chairperson

    He studied law at the University of Vienna and has a specialization in EU competition law at the University of Louvain-la-Neuve (Belgium). Holds a Master's degree in Law.

    Has been a member of the Management Board of Vienna Insurance Group since January 2009. From 2003 to 2008 was a member of the Management Board of Donauversicherung, responsible for sales and marketing. Previously, he was internationally involved outside the Group, as CEO or board member of companies in Hungary, the Czech Republic and Poland.

    In 2018, he was awarded the degree of Doctor honoris causa (Dr.h.c) by the Academy of Economics D. А. Tsenov, Bulgaria for his contribution to the development of the insurance industry in Bulgaria. Married, with four children.

    At Vienna Insurance Group he is responsible for the group’s Corporate business, Rreinsurance and Vienna International Underwriters (VIU). His country responsibilities include the Region South (Albania Bosnia and Herzegovina, Bulgaria, Kosovo, Croatia, Moldova, Montenegro, North Macedonia, Romania and Serbia.

  • Gerald Weber

    He graduated from the “Karl Francens Universität” in Graz, specialty Business Economy. At present he is Managing Director of ‘‘VIG Real Estate’’ GmbH (Austria) and ‘’VIG-CZ Real Estate’’ GmbH (Austria) and Procurator of ‘’Vienna Insurance Group AG Wiener Versicherung Gruppe’’ (Austria).

  • Georgina Baker - Independent Member of the Supervisory Board

    Born and graduated in the UK. Holds a Bachelor degree in Mechanical Engineering from the Kingston University and a Master degree in Business Administration from London Business School.
    Worked with the INTERNATIONAL FINANCE CORPORATION (IFC) between 1991 and 2021, holding different positions, among them: Investment Officer/Senior Investment Officer; Manager Financial Institutions; Director Global Trade Finance; Regional Vice President Latin America and the Caribbean, Europe and Central Asia and Member of the Executive Committee.

  • Miroslav Stoyanov - Independent Member of the Supervisory Board

    General Manager of the Small Business Support Programme of the European Bank for Reconstruction and Development. He holds a BSc in Corporate Finance from the University of National and World Economy and an EMBA from Ashridge Business School, London.

    In the EBRD programme, he is responsible for managing the relationship with all stakeholders (government, local and international associations, chambers and clusters, media, local SMEs and consultants, etc.), organises and oversees all consultancy projects, and is responsible for promoting the programme and ensuring that it delivers real value through each project.

  • Confederation of Independent Trade Unions in Bulgaria (CITUB)

    through Penka Baranova - Legal adviser

Management Board
  • Svetla Nestorova - Chairperson of the Management Board
    Svetla Nestorova - Chairperson of the Management Board

    Svetla Nestorova takes over the management of PAC Doverie in March 2024.
    Before that, from 2004 to 2024 she was part of the team of ZEAD "Bulstrad Life Vienna Insurance Group", first, as Marketing and Sales Director and from 2006 to March 2024 - as CEO and Chair of the Management Board.
    Simultaneously, between 2013 and 2017, she was a member of the Audit Committee of PAC Doverie, and from 2017 to 2019 - a member of the Company's Supervisory Board. From 2013 to the present, she is part of the Advisory Board of the VPF Doverie.
    She served two mandates as Chair of the MB of the Bulgarian Insurance Association, four years as Deputy Chair and ten consecutive years as Member of the MB, incl. six years as Chair of the Life-insurance Commission.
    For four years she sat in the Executive Committee of Insurance Europe and one year in the Strategic Board.
    She is Deputy Chair of the MB of the Prof. Dr. Veleslav Gavriyski Foundation. Winner of the Manager of the Year award for 2019, as well as the special prize of the Prof. Dr. Veleslav Gavriyski Foundation for overall contribution to the development of Bulgarian insurance.
    Throughout the years she has been an active supporter to raise the awareness of the society for the importance of insurance protection and financial literacy. She has also supported various activities focused on the sustainable development of the Bulgarian insurance industry in the framework of the common EU market.

  • Miroslav Marinov – Executive Director
    Miroslav Marinov – Executive Director

    He joined the Company in 1999 as financial analyst at the "Finance and Accounting" Directorate, appointed among over 200 applicants for the vacancy during the “Career Days – 1999” organized by AISECK – Bulgaria. At the beginning of 2000 he was appointed Internal Auditor. Since April 2001 he has been the director of the "Finance, Accounting and Investments" Directorate, and since September 2008 he has been Deputy CEO and Chief Financial Officer. In 2012, he was elected as a Member of the Management Board and subsequently as the Company's CEO. Graduate of the University of National and World Economy, M.A. degree in Corporate Finance. Before joining Doverie Mr. Marinov had served as real estate broker and capital markets assistant manager. In 2020, he was awarded with the "Lifetime Contribution to the Development of Bulgarian Insurance" Award of the Prof. Dr. Veleslav Gavriyski Foundation.

  • Kiril Georgiev - Executive Director
    Kiril Georgiev - Executive Director

    He joined the team of Pension Assurance Company Doverie in November 2009 as IT Director, and has been holding the same position between 2004 and 2006. Before joining the team of PAC Doverie for the first time he worked as an IT Director in a couple of international companies. In 2020, he was elected Member of the Management Board and Executive director of the Company.

  • Nikolay Marev – Executive director
    Nikolay Marev – Executive director

    Nikolay Marev was born in 1967, in Burgas and completed his secondary education at the English language high school in Burgas. He holds a bachelor's degree in Accounting and International Economics from the State University of New York and a master's degree in International Economic Relations from the Budapest University of Economics. Also has an ACCA accounting qualification. Fluent in English, Hungarian and Russian.
    He started his career as an auditor at Coopers & Lybrand in Budapest, in August 1994. Continued as a corporate auditor at Philip Morris in Lausanne, Switzerland, until the end of 1997. Worked at the Central and Eastern European venture capital fund Oresaventures in Brussels until the end of 1999.
    As the financial director of Cefin Holding S.A.q from the beginning of 2000 to September 2003, he created dealer networks for sales of "Iveco" trucks in Hungary, Romania and Bulgaria with the Cefin brand and in parallel captive leasing companies under the Afin brand.
    From October 2003 to the end of 2004, he was procurator and financial director of DSK Bank, a member of the OTP group. From the beginning of 2005 to May 2009, he was executive director of Merkantil Bank in Budapest, a member of the OTP Group, where he was responsible for the development of the bank's international network. He created and managed leasing companies in Bulgaria, Croatia, Romania, Serbia, Slovakia and Ukraine.
    From June 2009 to July 2023, he was CEO of Pension assurance company "DSK-Rodina". During this period, "DSK-Rodina" increased its market shares, in terms of insured persons and assets under management, from 8% to 20%. The number of insured persons reached 970 thousand and the assets under management - BGN 4.2 billion, ranking it in 3rd place in the pension industry.
    Married. Father of three sons.

  • Lachezar Raichev
    Lachezar Raichev

    Mr. Raichev graduated in Law in 1980 from Sofia University St. Kliment Ochridski. Worked as an Attorney at law in Sofia and a legal counsel at the Ministry of Foreign Economic Relations. Attorney at law experienced in commercial and company law, foreign investments, labour and customs law, bankruptcy and arbitration. Founder of Lega InterConsult (LIC) – Penkov, Markov & Partners.

  • Vassil Yanachkov
    Vassil Yanachkov

    He graduated from the Higher Institute of Chemical Engineering in Sofia with a degree in Mining and Processing of Ferrous Metals and Industrial Management at the University of National and World Economy in Sofia. Between 1969 – 1990 he worked at “Kremikovtzi” Plant. Currently he is Chairperson of the Independent Federation of Metalworkers. He is vice-president of the European Metalworkers Federation.

  • Dimana Rankova
    Dimana Rankova

    Graduated from the Faculty of law of the Sofia University St. Kliment Ohridski. Worked with the Commission for securities and stock market, since its establishment in 1996 and onwards after it was renamed to State commission for securities, first as an Expert and Director of the Legal and the Legal base departments and since 2001 - as a member. Between 2003 and 2009 and later, between 2010 and 2012, she was Deputy chair of the Financial supervision commission, in charge of the Investment supervision Division. Between 2009 and 2010 she was Member of the MB of the Bulgarian development bank and Chair of the MB of The project company Burgas-Alexandroupolis BG pipeline. Since 2012 she was Counselor to the President of the Republic of Bulgaria and Chair of the Commission on remission of uncollectable debts to the state for two years. In April 2014 she joined PAC Doverie as Counselor to the MB.

Management team and key positions