By Pietro Lombardi
Allianz SE said Friday that it has extended the board mandate of Chief Financial Officer Giulio Terzariol until the end of 2025 and that it has made some changes to the management board.
Mr. Terzariol's mandate has been extended for five years, as has the mandate of board member Ivan de la Sota. Board member Sergio Balbinot's mandate has been extended by two years until the end of 2022.
The German insurance giant also said there will be some changes to its management. Barbara Karuth-Zelle, currently chief executive of Allianz Technology SE, will replace Christof Mascher from next year. Ms. Karuth-Zelle will be responsible for operations and IT. Christopher Townsend will succeed Niran Peiris at the same time and will be in charge of Global Insurance Lines.
Both Mr. Mascher and Mr. Peiris are retiring at the end of the year.
Write to Pietro Lombardi at firstname.lastname@example.org; @pietrolombard10