Allianz Germany CEO resigns

Allianz’s Germany chief Manfred Knof will step down by the end of the year for health reasons, a spokesman for the insurance giant told Reuters on Tuesday, Sept. 19.

A supervisory board meeting will be held in the afternoon to discuss the personnel change.

The likely successor is the current Italy country head, Klaus-Peter Roehler, according to a report in Tuesday’s Sueddeutsche Zeitung, which was also the first to report the resignation citing unnamed sources.

The German publication noted that the relationship between Knof and Allianz CEO Oliver Bäte had been under strain due to diverging views on problems with the group IT and product development.

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