Reshuffle at Allianz as CFO heads for Generali
Global re/insurer Allianz has revealed significant changes to its board of management, including the resignation of its chief financial officer (CFO) and 20-year company veteran Giulio Terzariol.
Terzariol has resigned from Allianz to join Generali and will be granted a release from his mandate as of December 31, 2023. He will be succeeded by Claire-Marie Coste-Lepoutre (pictured), who has been appointed as a member of the board of management and chief financial officer, effective 1 January 2024.
Oliver Bäte's position as chairman of the board of management and CEO of Allianz SE has been renewed and extended through the annual shareholder meeting in 2028, and Andreas Wimmer will continue her role as member of the board of management responsible for life and asset management.
Michael Diekmann, chairman of the supervisory board of Allianz SE, 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.”
Bäte commented: “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.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
