Manuel Bauer (60), member of the Board of Management of Allianz SE responsible for "Insurance Growth Markets", is resigning by mutual agreement with effect from August 31. His mandate was originally due to expire at the end of 2015. As of September 1, 2015, his area of responsibility will be split up among the following members of the Board of Management of Allianz SE, in addition to their current duties:
Dott. Sergio Balbinot (56) will take over responsibility for the Middle East, North Africa and India. Dr. Axel Theis (57) will be responsible for Australia. Central and Eastern Europe will be assumed by Dr. Werner Zedelius (57), and Dr. Maximilian Zimmerer (57) will become responsible for Asia.
At the same time, Oliver Bäte (50), CEO of Allianz SE, will assume responsibility for the group-wide HR function.