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Contract of Allianz SE CEO Oliver Bäte extended

Allianz SE | Munich | Nov 23, 2018

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

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Press release

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 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.

Press contacts

Christian Kroos
Allianz SE
+49 89 3800 5043
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Petra Vielhaber
Allianz SE
+49 89 3800 18797
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Daniela Markovic
Allianz SE
+49 89 3800 2063
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Further information

Allianz Board of Management

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