Allianz SE shakes up board of administration

Firstly, the mandate of Oliver Bäte as chairman of the board of administration and CEO of Allianz SE has been renewed and prolonged to 2028.

Andreas Wimmer’s position of member of the board of administration chargeable for life and asset administration has been renewed for 5 years.

Claire-Marie Coste-Lepoure, chief actuary and head of planning & controlling of Allianz SE and beforehand the CFO and deputy CEO of Allianz World Company & Specialy SE, has been employed as member of the board of administration efficient January 1 2024.

Coste-Lepoure will succeed Giulio Terzariol, who has moved to Generali to turn into CEO of its new insurance coverage arm.

Chairman of the Supervisory Board of Allianz SE Michael Diekmann mentioned: “The Supervisory Board totally endorses the continuation of Oliver Bäte’s management, supported by his colleagues within the Board of Administration, to keep up Allianz’s sustainable and worthwhile development, to additional develop its thriving and productive workforce, and sharpen its aggressive positioning for the longer term.”

Chairman of the Board of Administration of Allianz SE Oliver Bäte added: “I thank the Supervisory Board for his or her confidence and assist, and I stay up for persevering with to serve the stakeholders of Allianz in a altering world.

“Giulio has been an exquisite colleague, chief, and good friend who introduced excellence and integrity to each side of his portfolio. We’d have liked to retain him, however we respect his private resolution and know that he will likely be profitable in his subsequent position.

“As we look forward to Allianz’s subsequent chapter of development, we’re lucky to have confirmed and high-performing leaders comparable to Andreas on our Board. We’re additionally lucky to have sturdy and proficient leaders comparable to Claire-Marie within the succession and growth pipelines throughout our firm. She has been working intently with Giulio on a seamless continuation of management and is totally able to step into her new position.”

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