Allianz SE Supervisory Board Extends Mandates for Barbara Karuth-Zelle and Christopher Townsend through 2028

The Supervisory Board of Allianz SE announced today that it has extended the mandates of Allianz SE Board Members Barbara Karuth-Zelle (54), Group Chief Operating Officer, and Christopher Townsend (55), responsible for Global Insurance Lines, Global Commercial Insurance, Reinsurance, Anglo Markets, Iberia & Latin America, Middle East and Africa. Their contracts will be extended until December 2028. Both joined the Allianz SE Board of Management in January 2021.

“The renewal of the mandates of Barbara Karuth-Zelle and Chris Townsend reflects the Supervisory Board’s confidence in the strength of the management team, and the importance of leadership continuity in a time of transformation,” said Michael Diekmann, Chairman of the Supervisory Board of Allianz SE.

“Barbara will continue to drive business productivity and resilience through technology, and Chris will continue to deliver profitable growth through our strategy to globalize the commercial segment. In their roles, they are realizing Allianz’s advantages of strength and scale for the benefit of our customers and shareholders,” said Oliver Bäte, Chairman of the Board of Management of Allianz SE.

Lauren Day
Allianz SE
The Allianz Group is one of the world's leading insurers and asset managers with more than 122 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 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 2022, over 159,000 employees achieved total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros for the group***.
* Including non-consolidated entities with Allianz customers.
** As of September 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.
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