Iván de la Sota appointed to Board of Management of Allianz SE as Chief Business Transformation Officer

New Board of Management division to assume responsibility for business model transformation and innovation / Move designed to respond to growing expectations among all customer groups regarding intuitive digital solutions

The Supervisory Board of Allianz SE has appointed Iván de la Sota (53) to the Board of Management of Allianz SE to assume the role of Chief Business Transformation Officer, effective April 1, 2018. The new Board of Management division will support Allianz entities in exploiting business opportunities that arise from a growing demand for digital insurance and investment solutions among all customer groups. This will involve enhancing existing business models, introducing new models, and offering a flexible combination of personal advice and digital products and services.

The new Board of Management division, under the leadership of Iván de la Sota, will also be responsible for the European direct insurance companies, the global business line Allianz Partners, and for the Iberian and Latin American region. De la Sota has been appointed to the Board of Management until December 31, 2020. De la Sota has been with Allianz for 27 years and was appointed CEO of the Iberian and Latin American region in November 2015. Previously, he spent four years as CEO of Allianz Spain.

Michael Diekmann, Chairman of the Supervisory Board of Allianz SE, said, “By introducing this board function, Allianz emphasizes the importance of developing future-ready business models. Iván de la Sota has mastered such challenges several times before and has the capabilities to continue this on the group level.”

Oliver Bäte, CEO of Allianz SE, said, "Iván de la Sota is a CEO with a proven track record in implementing fundamental changes in retail business models. Additionally, he understands how to increase productivity and customer satisfaction while keeping employees engaged. He will be able to build on the strong foundation laid by Solmaz Altin, who as Chief Digital Officer implemented our Digital Agenda over the last two years.”

The Supervisory Board of Allianz SE has also decided to extend the contracts of Sergio Balbinot and Axel Theis, both members of the Board of Management of Allianz SE, until December 31, 2020.

From April 1, 2018, Helga Jung, Member of the Board of Management of Allianz SE, will assume responsibility for the group-wide Human Resources function, Work and Social Welfare. This will be in addition to her other responsibilities.

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