Zurich Insurance Group released a statement saying that the company is in mourning following the death of its Group CFO, Pierre Wauthier, whose body was found at his home on Monday morning.

The police are investigating the exact circumstances. Out of consideration for the family no further details have been disclosed, Zurich said.

(Update: On Tuesday, police indicated that Wauthier’s death was most likely a suicide.)

“The Board of Directors, Group Executive Committee and all of our colleagues are deeply saddened and pass on our condolences to the family and relatives,” says Martin Senn, Chief Executive Officer.

Wauthier joined Zurich in 1996 and was appointed Group CFO in 2011.

Vibhu Sharma, Group Controller, will take over the Group CFO role ad interim.

Source: Zurich Insurance Group