Helga Jung (57), Member of the Board of Allianz SE, will retire on December 31, 2019. She will leave after 26 years at Allianz and having served as Member of the Board of Management for eight years. Renate Wagner (44), 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.