Allianz Announces Leadership Changes and Renewed Mandates

Allianz, the German insurer, has announced several key leadership changes and renewed mandates within the company. These developments reflect the organization's commitment to ensuring a smooth transition and maintaining strong leadership.

New Chief Financial Officer Appointment

Claire-Marie Coste-Lepoutre has been appointed as the next Chief Financial Officer (CFO) of Allianz, replacing Giulio Terzariol. Coste-Lepoutre, who currently serves as Chief Actuary and Head of Planning and Controlling, will officially join the company's management board at the beginning of 2024. This appointment is subject to customary regulatory approvals.

Giulio Terzariol's New Role

Giulio Terzariol, the outgoing CFO of Allianz, will step down from his position to pursue an outside opportunity. However, his expertise will continue to contribute to the insurance industry, as he has been appointed as the Insurance Chief Executive of Assicurazioni Generali, an Italian peer company.

CEO Mandate Renewal

Allianz has renewed and extended the mandate of Chief Executive Officer Oliver Baete until 2028. This decision underscores the company's confidence in Baete's leadership and strategic vision. His continued tenure will provide stability and effectively guide Allianz toward further success.

Management Board Member Mandate Extension

Additionally, Andreas Wimmer, the management board member responsible for overseeing the group's life and asset-management operations, will have his mandate renewed for five years. Wimmer's extended term will end in September 2029, enabling him to continue his valuable contributions to Allianz's operations.

These leadership changes and renewed mandates exemplify Allianz's commitment to maintaining a strong team that will navigate the company toward sustained growth and success.