ALLIANZ informed in a statement that Axel THEIS (62), Member of the Board of ALLIANZ SE responsible for insurance in German-speaking countries and Central and Eastern Europe, retires at his own request on March 31, 2020 after more than 33 years at ALLIANZ. Klaus-Peter ROHLER (55), currently Chairman of the Board of Management of ALLIANZ Deutschland AG and ALLIANZ Versicherungs-AG, has been appointed by the Supervisory Board as his successor effective April 1, 2020.

ROHLER will retain his role at Allianz Deutschland AG. At Allianz Versicherungs-AG he will be succeeded by Frank SOMMERFELD as Chairman of the Board of Management effective April 1, 2020.

Oliver BATE, Chairman of the Board of Management of ALLIANZ SE, said:

"Klaus-Peter ROHLER has been leading ALLIANZ Deutschland to profitable growth since 2018 and will continue to develop it sustainably in his new responsibility. I thank Axel THEIS for his decades of successful work, and I would like to pay special tribute to his expertise and foresight on the Board of ALLIANZ SE over the last six years. I wish him all the very best in his personal life and entrepreneurial ventures."

Michael DIEKMANN, Chairman of the Supervisory Board of ALLIANZ SE, added:

"With Axel THEIS, a highly respected Allianzer who has visibly shaped our company is retiring. For three decades Axel THEIS was a driving force for the continuous development of our property and casualty segment worldwide. With Klaus-Peter ROHLER, he is succeeded by a very experienced insurance manager who has achieved lasting successes as CEO of several units."