Allianz Announces Changes To Management, Supervisory Boards
15 December 2011 - 1:14AM
Dow Jones News
German insurer Allianz SE (ALV.XE) Wednesday announced a number
of personnel changes to its management and supervisory boards,
which were decided at the supervisory board's meeting earlier in
the day.
Allianz, Europe's largest primary insurer by market
capitalization and premium income, named Maximilian Zimmerer as
finance chief, effective June 1, 2012.
Zimmerer, 53, will succeed Paul Achleitner who signaled his
availability to move into the Deutsche Bank AG (DB) supervisory
board at the end of May. The bank intends to propose him for
election as chairman of its supervisory board at the annual general
meeting.
Zimmerer, who currently heads Allianz's German life insurance
business, will also be in charge of Allianz's global life
business.
With effect from Jan. 1, 2012, the supervisory board appointed
Helga Jung, Gary Bhojwani and Dieter Wemmer to the management
board.
Allianz also said its supervisory board has proposed former
chief financial officer Helmut Perlet to the annual general meeting
as a new member and will ask the AGM to elect him into the body.
The current chairman of the supervisory board, Henning
Schulte-Noelle, 69, won't be standing for re-election at the AGM,
having reached the upper age limit.
-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500;
ulrike.dauer@dowjones.com