The Supervisory Board of Allianz SE today announced the following leadership updates to the Allianz SE Board of Management: 

• The mandate of Oliver Bäte, 58, as Chairman of the Board of Management and CEO of Allianz SE has been renewed and extended through the Annual Shareholders Meeting in 2028. 
• The mandate of Andreas Wimmer, 49, as Member of the Board of Management responsible for Life and Asset Management has been renewed and extended for a period of five years. 
• Claire-Marie Coste-Lepoutre, 48, currently the Chief Actuary and Head of Planning & Controlling of Allianz SE and previously the CFO and deputy CEO of Allianz Global Corporate & Specialty SE, has been appointed as Member of the Board of Management effective January 1, 2024, subject to customary regulatory approvals. 
• Ms. Coste-Lepoutre will succeed Giulio Terzariol, 51, who will be granted a release from his mandate as a member of the Board of Management so that he may pursue a career opportunity outside of the company in his home country. His mandate was slated for renewal at the end of 2025, and Ms. Coste-Lepoutre has been working with Mr. Terzariol on the smooth transition of his responsibilities. 

Chairman of the Supervisory Board of Allianz SE Michael Diekmann said: 

“The Supervisory Board fully endorses the continuation of Oliver Bäte’s leadership, supported by his colleagues in the Board of Management, to maintain Allianz’s sustainable and profitable growth, to further develop its thriving and productive workforce, and sharpen its competitive positioning for the future.”

Chairman of the Board of Management of Allianz SE Oliver Bäte said:

“I thank the Supervisory Board for their confidence and support, and I look forward to continuing to serve the stakeholders of Allianz in a changing world. 

Giulio has been a wonderful colleague, leader, and friend who brought excellence and integrity to every aspect of his portfolio. We would have loved to retain him, but we respect his personal decision and know that he will be successful in his next role. 

As we look ahead to Allianz’s next chapter of growth, we are fortunate to have proven and high-performing leaders such as Andreas on our Board. We are also fortunate to have strong and talented leaders such as Claire-Marie in the succession and development pipelines across our company. She has been working closely with Giulio on a seamless continuation of leadership and is fully ready to step into her new role.”