11/23/2018, 10:25 AM (Source: TeleTrader)
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Chart for: ALLIANZ SE NA O.N.

Allianz CEO to stay in post until 2024

Oliver Baete (pictured), the Chief Executive Officer of insurer Allianz SE, got a contract extension of five years after it was due to expire in September next year, the company announced on Friday. The Supervisory Board of one of the world's biggest insurers noted that the company has developed "extremely well" under his leadership.

"I am very pleased with the trust placed in me. It confirms that the path we have taken and our strategic approach are right. Together with my colleagues, I will continue to do everything I can to ensure that Allianz stays successful in the future," Baete stated.

Breaking the News / NI