Allianz plans new appointments to the Supervisory Board

The Supervisory Board of Allianz SE intends to propose to the Annual General Meeting on May 8, 2024 that Jörg Schneider and Stephanie Bruce be newly elected to the Supervisory Board of Allianz SE as shareholder representatives.

Jörg Schneider and Stephanie Bruce are to succeed current members Herbert Hainer and Christine Bosse, whose mandates will expire at the upcoming Annual General Meeting due to reaching the age and length of service limits, respectively.

Jörg Schneider, a business economist and lawyer, left the Munich Re Board of Management at the end of 2018 after more than 18 years as Chief Financial Officer. Stephanie Bruce was on the Board of Directors and Chief Financial Officer of abrdn plc, the British asset manager, until May 2023 and previously was a senior financial services partner at PwC.

If Jörg Schneider is elected to the Supervisory Board, it is intended that he will be proposed as Herbert Hainer's successor as Deputy Chairman of the Supervisory Board of Allianz SE. A decision on the election of a successor to Michael Diekmann as Chairman of the Supervisory Board is not due until 2026. 

"Long-term planning, continuity and clarity are our top priorities when it comes to new appointments and succession planning for the Supervisory Board. With Jörg Schneider and Stephanie Bruce, we are proposing two outstanding candidates who have both been among the highest-profile executives in the international financial services industry for many years," said Michael Diekmann, Chairman of the Supervisory Board of Allianz SE. 

Succession planning for the Supervisory Board of Allianz SE will be explained in more detail to selected investors as part of upcoming corporate governance discussions. In addition, all shareholders will be formally informed of this in March of this year with the convocation of the 2024 Annual General Meeting.

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.
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Allianz plans new appointments to the Supervisory Board

Proposals by the Supervisory Board: Jörg Schneider to succeed Herbert Hainer, Stephanie Bruce to replace Christine Bosse. • Annual General Meeting in May 2024 will vote on the new composition of the Supervisory Board.

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