The Supervisory Board of Allianz Deutschland AG appointed today Dr. Manfred Knof (49) as the Chairman of the Board of Management (CEO) and successor to Dr. Markus Rieß (49) with immediate effect, subject to the usual fit and proper review of the regulator. Markus Rieß was one of the top candidates for the position of Chairman of the Board of Management of Allianz SE, which will be assumed by Oliver Bäte on May 7. By mutual consent and according to his request, the mandate for the Board of Management of Allianz Deutschland AG of Markus Rieß will be terminated. Markus Rieß wishes to pursue new challenges in his career.
Manfred Knof was the CEO of Allianz in Central and Eastern Europe from April 2014. Prior to that he was since 2012 on the board of Allianz Germany responsible for Operations and Claims, most recently as Chief Operating Officer. From 2006 to 2011 Manfred Knof was CEO of Allianz Suisse. The Cologne-born manager joined the Allianz Group in 1995. Manfred Knof is succeeded by Petros Papanikolaou, previously CEO of Allianz Greece.