Allianz recommends new members for supervisory board

Proposed members to be elected at company's May 8 annual general meeting

Allianz recommends new members for supervisory board

Insurance News

By Ryan Smith

The supervisory board of Allianz SE has announced that it will propose to the company’s annual general meeting (AGM) on May 8 that Jörg Schneider and Stephanie Bruce be elected to the supervisory board as shareholder representatives.

Schneider and Bruce will succeed current board members Herbert Hainer and Christine Bosse, whose terms will expire at the upcoming AGM due to reaching the age and length of service limits, respectively.

Schneider, a business economist and lawyer, left the Munich Re board of management in 2018 after more than 18 years with the company as chief financial officer. Bruce was on the board of directors and served as chief financial officer for British asset manager abrdn plc until May 2023. She previously served as senior financial services partner at PwC.

Should Schneider be elected, he is intended to serve as Hainer’s successor as deputy chairman of the supervisory board. A decision on the successor of board chairman Michael Diekmann is not due until 2026, Allianz said.

“Long-term planning, continuity and clarity are our top priorities when it comes to new appointments and succession planning for the supervisory board,” Diekmann said. “With Jörg Schneider and Stephanie Bruce, we are proposing two outstanding candidates who have both been among the highest-profile executives in the international financial services industry for many years.”

In other company news, Allianz recently sponsored a new catastrophe bond designed to provide protection against European windstorms. The company also recently announced the appointment of Petros Papanikolaou as CEO of Allianz Global Corporate & Specialty.

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