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CEOWORLD magazine - Latest - Banking and Finance - Allianz’s CEO Extends his Contract while CFO Leaves to Join Generali

Banking and Finance

Allianz’s CEO Extends his Contract while CFO Leaves to Join Generali

Allianz

The supervisory board of Allianz has decided to extend the contract of Chief Executive Officer Oliver Baete. However, the company has announced the appointment of a new Chief Financial Officer to replace the current CFO, who is leaving for another position, according to Allianz’s statement on Monday.

Giulio Terzariol, the Chief Financial Officer, is departing to lead the insurance division at Generali, as announced by the Italian company on Monday.

Allianz has named Claire-Marie Coste-Lepoutre as Terzariol’s successor in the role of Chief Financial Officer. Coste-Lepoutre has been part of the Allianz team since 2011 and has prior experience at organizations like Swiss Re, SCOR, and McKinsey.

Regarding Baete’s continuation in his role, there had been uncertainty r. This decision comes as Allianz is in the process of recovering from a U.S. fund scandal that resulted in a $6 billion settlement with both the U.S. Department of Justice and the U.S. Securities and Exchange Commission.

Baete, whose contract has now been extended to 2028, expressed his gratitude by saying, “I thank the Supervisory Board for their confidence and support.”

 

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CEOWORLD magazine - Latest - Banking and Finance - Allianz’s CEO Extends his Contract while CFO Leaves to Join Generali
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz