Contract of Allianz SE CEO Oliver Bäte extended

  • The Supervisory Board extends Oliver Bäte‘s contract until 2024

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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.

allianz ceo oliver baete
Allianz CEO Oliver Bäte

About Allianz

The Allianz Group is one of the world's leading insurers and asset managers with more than 88 million retail and corporate customers. 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 over 650 billion euros on behalf of its insurance customers while our asset managers Allianz Global Investors and PIMCO manage an additional 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2017, over 140,000 employees in more than 70 countries achieved total revenue of 126 billion euros and an operating profit of 11 billion euros for the group.

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Allianz SE
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Allianz SE
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Allianz SE

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Further information

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Allianz announces management changes in Africa

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Contract of Allianz SE CEO Oliver Bäte extended

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.