The Supervisory Board of Allianz SE and Günther Thallinger mutually agreed that Mr. Thallinger’s term as member of the Board of Management will conclude on December 31, 2026. Günther Thallinger joined the Allianz SE Board of Management in 2017, marking a ten-year tenure as a Board Member, Allianz announced in July.

Simultaneously, the Board of Management of Allianz SE will be reduced from nine to eight members, reflecting the closer integration of capabilities across the Group and the resulting efficiencies achieved over recent years. The responsibilities previously held by Mr. Thallinger will be distributed among other members of the Management Board.

“On behalf of the Supervisory Board, I would like to thank Günther Thallinger for his strong contribution to the success of Allianz. Under his leadership, Allianz has strengthened its position as a trusted investor for the benefit of its policyholders and has shaped a leading sustainability ambition for the benefit of all of its stakeholders”, said Jörg Schneider, Chairman of the Supervisory Board of Allianz SE.

“Günther Thallinger has distinguished himself with passion and dedication in every executive role he has held at Allianz, striving to advance the interests of customers, investors, colleagues and society as a whole. He has earned the respect of a wide range of stakeholders with his integrity, his long-term perspective and his ability to build strong partnerships that create shared and lasting value”, commented Oliver Bäte, Chief Executive Officer of Allianz SE. “Our future Board will combine a deliberately lean structure and a broad range of experience, backgrounds, and perspectives. It will continue to work across disciplines to create value for our customers, whose needs for protection, retirement solutions, and advice are growing every day in an increasingly complex and uncertain environment”, the CEO added.