Axel Theis to retire from Allianz board; successor named

Axel Theis, member of the board of Allianz SE responsible for insurance in German-speaking countries and Central and Eastern Europe, is to retire at his own request on March 31, 2020 after more than 33 years at Allianz.

Klaus-Peter Röhler, currently chairman of the board of management of Allianz Deutschland and Allianz Versicherungs, has been appointed by the supervisory board as his successor effective April 1, 2020.

Röhler will retain his role at Allianz Deutschland. At Allianz Versicherung, he will be succeeded by Frank Sommerfeld as chairman of the board of management effective April 1, 2020.

Oliver Bäte, chairman of the board of management of Allianz SE, said: “Klaus-Peter Röhler has been leading Allianz Deutschland to profitable growth since 2018 and will continue to develop it sustainably in his new responsibility. I thank Axel Theis for his decades of successful work, and I would like to pay special tribute to his expertise and foresight on the Board of Allianz SE over the last six years. I wish him all the very best in his personal life and entrepreneurial ventures.”

Michael Diekmann, chairman of the supervisory board of Allianz SE, added: “With Axel Theis, a highly respected Allianzer who has visibly shaped our company is retiring. For three decades Axel Theis was a driving force for the continuous development of our property and casualty segment worldwide. With Klaus-Peter Röhler, he is succeeded by a very experienced insurance manager who has achieved lasting successes as CEO of several units.”