Allianz CFO goes to Generali – Bäte stays

2023-10-02 09:17:24

The insurer Allianz is ensuring clarity at the top management. Oliver Bäte’s mandate as CEO has been extended until the 2028 Annual General Meeting, the company announced on Monday in Munich. The 58-year-old has been with Allianz since 2008 and has been CEO since May 2015. When deciding to extend his contract, the Supervisory Board referred to the sustainable and profitable growth within the group.

At the same time, Allianz is losing its CFO Giulio Terzariol to Italian competitor Generali. The 51-year-old Italian will be released from his position on December 31st in order to be able to pursue a career opportunity outside Allianz, it said. The Italian will take over the newly created insurance department on the board on January 1, 2024, Generali announced on Monday. The 51-year-old Italian should have a good chance of becoming CEO Philippe Donnet’s successor.

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Claire-Marie Coste-Lepoutre will take over the important post of CFO at Allianz at the beginning of 2024. As head of finance, she spent four years restructuring the AGCS major customer division before returning to the corporate headquarters as chief actuary in September.

The 48-year-old Frenchwoman worked closely with current CEO Oliver Bäte from 2011 to 2015, initially as his office manager, later as his deputy, when Bäte was responsible for Southern and Western Europe on the board.