Allianz Shakes Up Management Board; Appoints First Female Member
By David Pilla | |
A.M. Best Company, Inc. |
The
Achleitner had been responsible for finance, and Cucchiani for insurance operations in
The newly named management board members, to be appointed as of
Jung, 50, will be the first-ever female member of the group's management board. She will be responsible for the insurance business in
Chief Executive
Diekmann added that the group's board of supervisors is set to gain its second female member next spring, with the nomination of
Bosse is CEO of
Bhojwani, 43, will take over
Wemmer, 54, will join
Zimmerer, 53, will take over Achleitner's board responsibilities as of
Allianz had seen investment impairments hurt its third-quarter results as net profit for the quarter fell to
Allianz said impairments in equity investments rose by
(By
Copyright: | (c) 2011 A.M. Best Company, Inc. |
Wordcount: | 508 |
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