German insurer ALLIANZ announced changes to its board of management following Helga JUNG's decision to not extend her appointment and retire at the end of December 2019 after 26 years at ALLIANZ and having served as member of the board of management for eight years.

Renate WAGNER, currently Chief Human Resources (HR) Officer at ALLIANZ SE, has been appointed as her successor from January 1, 2020, subject to regulatory approval. The standard term for first appointments is three years.

Helga JUNG joined ALLIANZ in 1993 at Finance and served as Head of Group Mergers and Acquisitions (M&A) from 2000 to 2011. She became part of the Board of Management in 2012, taking over responsibility for M&A, Strategic Participations, Legal and Compliance as well as the insurance business in Iberia and Latin America. In March 2018, she handed over the latter to take on HR. She was the first woman to join ALLIANZ SE's Board of Management. Helga contributed significantly to the internationalization of ALLIANZ's business in the past two decades.

Renate WAGNER joined ALLIANZ SE as Head of Office for the Chief Financial Officer (CFO) in 2013 and led the office of the Chief Executive Officer (CEO) later. She has served as Chief HR Officer at ALLIANZ SE since April 1, 2019. Prior to this role, she was Regional CEO for our Life and Health (L&H) business in Asia Pacific, after being its Regional CFO and Head of L&H from 2015 to 2018. Before joining ALLIANZ, she held several management positions in insurance and financial institutions.