Personnel Changes

Board Reshuffle at Europe's Biggest Insurer

Allianz Ahead Of 2009 Earnings
Picture source: Getty Images

German insurer Allianz on Thursday announced its intentions to implement a wide-ranging reshuffle of its boards. Shareholders will get to vote on a series of management changes at the insurer’s next annual general meeting in May.

Allianz’s long-standing chief financial officer, 60-year-old Dieter Wemmer, will step down at the end of the year, having reached the board’s designated age limit, the group said in a statement.


Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.