The Supervisory Board of Allianz SE today has appointed Dr. Christof Mascher (49) and Jay Ralph (50) to the Board of Management of Allianz SE. Mascher takes over the responsibility as Allianz Group’s Chief Operating Officer from Oliver Bäte with immediate effect. Bäte assumed responsibility for Controlling, Reporting and Risk on Allianz SE’s Board of Management on September 1, 2009.
In addition, Christof Mascher will take over responsibility for the Assistance business (Mondial Group) from Jean-Philippe Thierry (60), who will retire from the Board of Management at the end of this year. Mascher will also keep his mandate on the Board of Management of Allianz Deutschland AG until his contract expires.
Jay Ralph, currently Chairman of Allianz Life Insurance Company of North America, will join the Board of Management on January 1, 2010 and at the same time take over responsibility for the NAFTA region from Clement Booth. Booth will continue to be in charge of reinsurance and the global corporate insurance business as well as insurance activities in the United Kingdom, Ireland and Australia, and will assume responsibility for credit insurance from Thierry at year-end.
Enrico Cucchiani, presently in charge of the Europe I (Southern Europe) and South America division, will take over responsibility for Europe II (France, Benelux) and Africa from Thierry as of January 1, 2010.
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