Jim Hagemann Snabe resigns from the Supervisory Board of Allianz SE

Jim Hagemann Snabe has informed the Supervisory Board and the Board of Management of Allianz SE that he will not stand for re-election to the Supervisory Board at the Annual General Meeting on May 4, 2022, and that he will resign from the Supervisory Board of Allianz SE upon expiry of his mandate on the same day. With this decision, Mr. Snabe wishes to address concerns expressed by investors who fear a so-called "overboarding" due to the mandates he holds in various companies.

The Allianz SE Supervisory Board and Board of Management acknowledge Jim Hagemann Snabe's decision with great regret and respect, and are grateful for his tremendous support of the entire Allianz on its digital transformation journey. 

As Vice Chairman of the Supervisory Board and, in particular, as Chairman of the Supervisory Board's Technology Committee, which was set up on his recommendation, Jim Hagemann Snabe provided valuable stimulus and constructively advised on the development of the Group-wide standardized Business Master Platform.

The Board of Management of Allianz SE is pleased that Mr. Snabe has agreed to continue to support the company with his knowledge and experience after his resignation from the Supervisory Board of Allianz.

It is planned to propose Rashmy Chatterjee for election to the Supervisory Board at the Annual General Meeting on May 4, 2022. Ms. Chatterjee has many years of experience in the technology sector. After more than two decades in leadership roles at IBM, she has served as Chief Executive Officer of ISTARI Global Ltd, a global company with a business focus on cyber security, since 2019.

The Allianz Group is one of the world's leading insurers and asset managers with more than 126 million* private and corporate customers in more than 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 706 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage nearly 1.7 trillion euros** of third-party assets. Thanks to the systematic integration of environmental, social and governance criteria in our operations, business processes and investment decisions, we continue to be recognized as among the sustainable insurers in the Dow Jones Sustainability Index (September 23, 2022). In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

*Including non-consolidated entities with Allianz customers.
** As of September 30, 2022

Press contact

Christian Kroos
Allianz SE
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:

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