New CEOs appointed at the German and Italian subsidiaries of ALLIANZ

The Supervisory Board of Allianz Deutschland AG has appointed Klaus-Peter ROHLER as Chairman of the Management Board (CEO) and successor to Manfred KNOF, who is stepping down from the position and will take time off for health reasons.

"It was mutually agreed to follow Manfred Knof's request and to relieve him of his position as CEO of Allianz Deutschland effective December 31, 2017. Until then, Manfred will help to ensure a smooth leadership transition. After that, he will take some time off for health reasons", ALLIANZ announced in a press release.

Klaus-Peter ROHLER has been CEO of ALLIANZ Italia SpA since 2014, a post he assumed after serving as CEO of ALLIANZ Suisse for two years.

At the same time, the ALLIANZ Italia Board of Directors decided to promote Giacomo CAMPORA as CEO of ALLIANZ Italia. Currently, Giacomo CAMPORA is General Manager in charge of Market and Distribution at ALLIANZ Italia and CEO of ALLIANZ Bank Financial Advisors.

Both appointments take effect from January 1st, 2018, and are subject to regulatory approvals.

Oliver BATE, Chief Executive Officer of ALLIANZ SE, said: "I would like to thank Manfred KNOF for his successful leadership at ALLIANZ Deutschland. The company played a leading role time and again in implementing the Renewal Agenda. I regret his decision but respect and support it and wish Manfred all the best for the future. I am convinced that we have found the right successor in Klaus-Peter ROHLER. He has a wealth of experience in the Property & Casualty business as well as in Life insurance. Under his leadership, ALLIANZ in Italy made great strides in the digitalization of our Italian business".

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