Contract of Allianz SE CEO Oliver Bäte extended

The Supervisory Board extends Oliver Bäte‘s contract until 2024 

The Supervisory Board of Allianz SE has decided to extend Oliver Bäte’s contract as Chairman of the Board of Management until September 2024. The original contract was to expire end of September 2019.

“Under Mr. Bäte’s leadership, Allianz has developed extremely well over the past three years. The Supervisory Board is convinced that he is the right Chairman of the Board of Management for the challenges ahead,” said Michael Diekmann, Chairman of the Supervisory Board.

Oliver Bäte said: “I am very pleased with the trust placed in me. It confirms that the path we have taken and our strategic approach are right. Together with my colleagues, I will continue to do everything I can to ensure that Allianz stays successful in the future.”

The Board of Management will present a strategy update to the public on November 30, 2018.

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