The former Mc-Kinsey consultants Oliver Bäte becomes new CEO of the insurance group Allianz. The 49-year-old will replace his predecessor Michael Diekmann in early summer 2015. Recently has been speculation about a contract extension by Diekmann.
bang at Germany’s largest insurance group. The 59 year old Allianz CEO Michael Diekmann will leave his post on May 7, 2015. Successor is Bäte, 49th since the beginning of 2013, he is responsible for the insurance business in Western and Southern Europe. Previously, he headed the financial area.
to May 7, 2015 succeeding Diekmann
Bätes contract runs until September 30, 2019 Michael Diekmann (59) will retire at the end of the AGM in 2015 from the Board. Two years later to the outgoing alliance chief to return in another function: “The Board has asked Mr. Diekmann to stand for election to the Supervisory Board by the Annual General Meeting in the year 2017 are available”, said the alliance with. The 49-year-old Oliver Bäte becomes new CEO of the insurance group Allianz. Bäte will with effect from 7 May 2015 successor of Michael Diekmann, said the alliance after a meeting on Thursday in Munich with
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McKinsey consultant at the Allianz-tip
business graduate Bäte was in the year 2008 by the consulting firm McKinsey come alliance. Diekmann is at the forefront of Europe's largest insurance group since March 2003. In December, he will be 60 years old and thus reaching the internal age limit of the Alliance for Board members.
Diekmann successor Bäte discovered the Reitz an insurance company late for themselves. After Bank Teaching and Learning of today 49-year-old made a half decades long career at the consulting firm McKinsey, before being appointed directly to the Alliance Board in 2008. A year later inherited Bäte Perlet as a controlling boss of Europe's largest insurers and was quickly as possible Crown Prince. However, given he lacked the long Eefahrung in business operations. The made up for since 2013. Since then he has led the European insurance activities.
"Great office, less work"
Now comes the leap to the top of the Dax Group. In May 2015 Bäte to take the helm of Allianz CEO Michael Diekmann. Born in Bensberg near Cologne, Bäte studied in the cathedral city of Business Administration. In 1993 he started at McKinsey, five years later, he took over the consulting firm the management of the German insurance practice - the cornerstone of his second career. "I thought, great office, driver, less work," the Rhinelander once told the Munich club business press. Instead, he experiences "around the clock crisis mode, and remains so today."
In the financial crisis after the Lehman bankruptcy 2008/2009, the Alliance had just separated in time by its subsidiary Dresdner Bank. But it was followed by the euro-debt crisis, and the debt haircut for Greece met the Alliance and its life insurance customers. Bäte managed as chief accountant a balance of around 650 billion euros, was the first point of contact for investors and the one next to the CEO, who was forced to sell the quarterly and annual financial statements to the outside.
Bäte is known that he hardly takes a mince words. The Think Fast and Quick speakers analyzed in lightning speed most complex topics in the world of finance and likes to talk Tacheles - especially if he keeps developments in the industry or legal regulations for nonsense. For almost two years the manager now leads among other things, the insurance business in Italy and France. Both countries have to fight hard in the euro crisis more or less - and in the business of Allianz Group, they play a major role.
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