Ivan de la Sota appointed to Board of Management of Allianz SE as Chief Business Transformation Officer

Allianz SE | Munich | Mar 08, 2018

New Board of Management division to assume responsibility for business model transformation and innovation

Move designed to respond to growing expectations among all customer groups regarding intuitive digital solutions

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The Supervisory Board of Allianz SE has appointed Ivan de la Sota (53) to the Board of Management of Allianz SE to assume the role of Chief Business Transformation Officer, effective April 1, 2018. The new Board of Management division will support Allianz entities in exploiting business opportunities that arise from a growing demand for digital insurance and investment solutions among all customer groups. This will involve enhancing existing business models, introducing new models, and offering a flexible combination of personal advice and digital products and services.

The new Board of Management division, under the leadership of Ivan de la Sota, will also be responsible for the European direct insurance companies, the global business line Allianz Partners, and for the Iberian and Latin American region. De la Sota has been appointed to the Board of Management until December 31, 2020. De la Sota has been with Allianz for 27 years and was appointed CEO of the Iberian and Latin American region in November 2015. Previously, he spent four years as CEO of Allianz Spain.

Ivan de la Sota

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Michael Diekmann, Chairman of the Supervisory Board of Allianz SE, said, “By introducing this board function, Allianz emphasizes the importance of developing future-ready business models. Ivan de la Sota has mastered such challenges several times before and has the capabilities to continue this on the group level.”

Oliver Bäte, CEO of Allianz SE, said, "Ivan de la Sota is a CEO with a proven track record in implementing fundamental changes in retail business models. Additionally, he understands how to increase productivity and customer satisfaction while keeping employees engaged. He will be able to build on the strong foundation laid by Solmaz Altin, who as Chief Digital Officer implemented our Digital Agenda over the last two years.”

The Supervisory Board of Allianz SE has also decided to extend the contracts of Sergio Balbinot and Axel Theis, both members of the Board of Management of Allianz SE, until December 31, 2020.

From April 1, 2018, Helga Jung, Member of the Board of Management of Allianz SE, will assume responsibility for the group-wide Human Resources function, Work and Social Welfare. This will be in addition to her other responsibilities.

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 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 737 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 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.

* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.