Allianz Extends CEO Oliver Bate's Contract Until Sept 2024
23 November 2018 - 7:12PM
Dow Jones News
By Anthony Shevlin
Allianz SE (ALV.XE) said Friday that its supervisory board has
extended Chief Executive Oliver Bate's contract until Sept.
2024.
The German insurer said Mr. Bate's original contract was due to
expire at the end of Sept. 2019 and noted the company has developed
"extremely well" over the past three years under his
leadership.
"The supervisory board is convinced that he is the right
chairman of the board of management for the challenges ahead," said
Michael Diekmann, chairman of the supervisory board.
Allianz's board of management will present a strategy update on
Nov. 30.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
November 23, 2018 02:57 ET (07:57 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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