Allianz SE Plans New Supervisory Board Appointments for AGM 2024

Allianz SE Plans New Supervisory Board Appointments for AGM 2024

(IN BRIEF) Allianz SE’s Supervisory Board plans to propose new appointments at the Annual General Meeting in May 2024. The proposals include Jörg Schneider succeeding Herbert Hainer and Stephanie Bruce replacing Christine Bosse as shareholder representatives on the board. Schneider, a former CFO of Munich Re, and Bruce, the former CFO of abrdn plc, have extensive experience in the financial services industry. Schneider is also intended to be proposed as Deputy Chairman of the Supervisory Board. The company emphasizes its focus on long-term planning, continuity, and clarity in its succession planning.

(PRESS RELEASE) MUNICH, 11-Jan-2024 — /EuropaWire/ — The Supervisory Board of Allianz SE intends to propose to the Annual General Meeting on May 8, 2024 that Jörg Schneider and Stephanie Bruce be newly elected to the Supervisory Board of Allianz SE as shareholder representatives.

Jörg Schneider and Stephanie Bruce are to succeed current members Herbert Hainer and Christine Bosse, whose mandates will expire at the upcoming Annual General Meeting due to reaching the age and length of service limits, respectively.

Jörg Schneider, a business economist and lawyer, left the Munich Re Board of Management at the end of 2018 after more than 18 years as Chief Financial Officer. Stephanie Bruce was on the Board of Directors and Chief Financial Officer of abrdn plc, the British asset manager, until May 2023 and previously was a senior financial services partner at PwC.

If Jörg Schneider is elected to the Supervisory Board, it is intended that he will be proposed as Herbert Hainer’s successor as Deputy Chairman of the Supervisory Board of Allianz SE. A decision on the election of a successor to Michael Diekmann as Chairman of the Supervisory Board is not due until 2026.

“Long-term planning, continuity and clarity are our top priorities when it comes to new appointments and succession planning for the Supervisory Board. With Jörg Schneider and Stephanie Bruce, we are proposing two outstanding candidates who have both been among the highest-profile executives in the international financial services industry for many years,” said Michael Diekmann, Chairman of the Supervisory Board of Allianz SE.

Succession planning for the Supervisory Board of Allianz SE will be explained in more detail to selected investors as part of upcoming corporate governance discussions. In addition, all shareholders will be formally informed of this in March of this year with the convocation of the 2024 Annual General Meeting.

About Allianz

The Allianz Group is one of the world’s leading insurers and asset managers with more than 122 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 706 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.

* Including non-consolidated entities with Allianz customers.
** As of September 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.

Media Contacts:

Florian Amberg
Allianz SE
+49 89 3800 15924
mailto:florian.amberg@allianz.com

Heidi Polke
Allianz SE
+49 89 3800 99777
mailto:heidi.polke@allianz.com

SOURCE: Allianz SE