DGAP-Adhoc: Allianz SE: The Supervisory Board of Allianz SE resolves on Board of Management Memberships / Oliver Bäte to become new Chairman of the Board of Management effective May 7, 2015


Allianz SE  / Key word(s): Change of Personnel

02.10.2014 14:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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The Supervisory Board of Allianz SE resolved in its today's meeting that
Oliver Bäte (49) is appointed as CEO of Allianz SE with effect of May 7,
2015 through September 30, 2019. Michael Diekmann (59) will leave the
Board of Management after the Annual General Meeting (AGM) 2015. The
Supervisory Board asked Mr. Diekmann to be available for election to the
Supervisory Board by the ordinary AGM 2017.

Futhermore, the Supervisory Board appointed Dott. Sergio Balbinot (56) as
member of the Board of Management of Allianz SE for a duration of four
years starting January 1, 2015. He will be responsible for the insurance
business in the countries of western and southern Europe (France, Benelux,
Italy, Greece, Turkey). The mandate of Clement Booth (60) expires upon his
own request at the end of this year. Dr. Axel Theis (56) was appointed as
successor of Mr. Booth until the end of 2018.

Upon mutual agreement, Gary Bhojwani (46) will resign from the Board of
Management of Allianz SE as of December 31, 2014. Jay Ralph (55) will take
over the additional responsibility for the insurance business in the USA.

The appointment to the Board of Management of Manuel Bauer (60) was
extended by a further year through the end of 2015, the appointments of Dr.
Dieter Wemmer (57) and Dr. Werner Zedelius (57) were extended by three
years and the appointment of Dr. Helga Jung (53) was extended by a further
five years. In addition to his current responsibilities, Mr. Bauer will
take over the responsibility for the insurance business in Australia.


Munich, October 2, 2014


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Information and Explaination of the Issuer to this News:

These assessments are, as always, subject to the disclaimer provided below.


Cautionary Note Regarding Forward-Looking Statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.

Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events) (iii) frequency and severity of insured loss events, including from
natural catastrophes, and the development of loss expenses, (iv) mortality
and morbidity levels and trends, (v) persistency levels, (vi) particularly
in the banking business, the extent of credit defaults, (vii) interest rate
levels, (viii) currency exchange rates including the euro/US-dollar
exchange rate, (ix) changes in laws and regulations, including tax
regulations, (x) the impact of acquisitions, including related integration
issues, and reorganization measures, and (xi) general competitive factors,
in each case on a local, regional, national and/or global basis. Many of
these factors may be more likely to occur, or more pronounced, as a result
of terrorist activities and their consequences.

No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.

02.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Allianz SE
              Königinstr. 28
              80802 München
              Germany
Phone:        +49 (0)89 38 00 - 41 24
Fax:          +49 (0)89 38 00 - 38 99
E-mail:       investor.relations@allianz.com
Internet:     www.allianz.com
ISIN:         DE0008404005
WKN:          840400
Indices:      DAX-30, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX
 
End of Announcement                             DGAP News-Service
 
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