Oliver Bäte’s Tenure as Allianz SE CEO Extended to 2028

Oliver Bäte’s Tenure as Allianz SE CEO Extended to 2028

(IN BRIEF) Allianz SE has made notable adjustments to its Board of Management, extending Oliver Bäte’s tenure as Chairman of the Board and CEO until 2028, renewing Andreas Wimmer’s role overseeing Life and Asset Management for five years, and appointing Claire-Marie Coste-Lepoutre as a Board Member effective January 1, 2024. This transition also marks the departure of Giulio Terzariol, who is pursuing a new career opportunity. These changes underscore Allianz’s dedication to maintaining robust leadership and ensuring a seamless shift in responsibilities for continued growth and success.

(PRESS RELEASE) MUNICH, 2-Oct-2023 — /EuropaWire/ —  Allianz SE (ETR: ALV), one of the leading integrated financial services providers worldwide, announces that its Supervisory Board has unveiled several key leadership updates to the Allianz SE Board of Management:

1. Renewal and Extension of Oliver Bäte‘s Mandate: Oliver Bäte, aged 58, will continue to serve as the Chairman of the Board of Management and CEO of Allianz SE. His mandate has been renewed and extended through the Annual Shareholders Meeting in 2028.
2. Renewal and Extension of Andreas Wimmer‘s Mandate: Andreas Wimmer, aged 49, responsible for Life and Asset Management, will retain his role as a Member of the Board of Management. His mandate has been renewed and extended for a period of five years.
3. Appointment of Claire-Marie Coste-Lepoutre: Claire-Marie Coste-Lepoutre, aged 48, presently holding the position of Chief Actuary and Head of Planning & Controlling at Allianz SE, has been appointed as a Member of the Board of Management, effective January 1, 2024, subject to customary regulatory approvals. Her extensive experience includes previous roles as the CFO and deputy CEO of Allianz Global Corporate & Specialty SE.
4. Transition from Giulio Terzariol: Giulio Terzariol, aged 51, will be stepping down from his role as a member of the Board of Management to pursue a career opportunity outside of the company in his home country. Originally slated for renewal at the end of 2025, Mr. Terzariol’s mandate will conclude early to facilitate a smooth transition of responsibilities. Claire-Marie Coste-Lepoutre has been collaborating closely with Mr. Terzariol to ensure the seamless handover of his duties.

Allianz SE expresses its appreciation for Giulio Terzariol’s contributions to the company and wishes him success in his future endeavors. The Board of Management changes underscore Allianz’s commitment to maintaining strong leadership and continued growth.

Chairman of the Supervisory Board of Allianz SE Michael Diekmann said:

“The Supervisory Board fully endorses the continuation of Oliver Bäte’s leadership, supported by his colleagues in the Board of Management, to maintain Allianz’s sustainable and profitable growth, to further develop its thriving and productive workforce, and sharpen its competitive positioning for the future.”

Chairman of the Board of Management of Allianz SE Oliver Bäte said:

“I thank the Supervisory Board for their confidence and support, and I look forward to continuing to serve the stakeholders of Allianz in a changing world.

Giulio has been a wonderful colleague, leader, and friend who brought excellence and integrity to every aspect of his portfolio. We would have loved to retain him, but we respect his personal decision and know that he will be successful in his next role.

As we look ahead to Allianz’s next chapter of growth, we are fortunate to have proven and high-performing leaders such as Andreas on our Board. We are also fortunate to have strong and talented leaders such as Claire-Marie in the succession and development pipelines across our company. She has been working closely with Giulio on a seamless continuation of leadership and is fully ready to step into her new role.”

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 714 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 June 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.

Media contacts:

Lauren Day
Allianz SE
+49 89 3800 3345
lauren.day@allianz.com

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

SOURCE: Allianz SE