Helga Jung, first woman to join Allianz SE's board, announces retirement
Jung leaves after 26 years at Allianz. She served as a member of the board for eight years.
The board of management of Allianz SE announced that Helga Jung will retire on Dec 31, 2019. She leaves after 26 years at Allianz and having served as a member of the board for eight years.
Renate Wagner, currently chief human resources officer at Allianz SE, has been appointed as her successor from Jan. 1, 2020, subject to regulatory approval. The standard term for first appointments is three years.
“Helga Jung will be missed as a valuable contributor and as a person of high integrity,” Oliver Bäte, chairman of the board of management of Allianz SE, said in a statement. “While I am sad to see Helga leave, I am glad that we have a strong bench of new leaders from inside of Allianz, and I welcome Renate Wagner to the board. With Renate, we have nominated an experienced and energetic executive who will actively drive the future success of Allianz.”
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Past experience
Jung joined Allianz in 1993 and served as head of group mergers and acquisitions (M&A) from 2000-2011. She became part of the board in 2012, taking over responsibility for M&A, strategic participations, legal and compliance, as well as the insurance business in Iberia and Latin America. She was the first woman to join Allianz SE’s board of management.
Wagner joined Allianz SE as head of office for the chief financial officer (CFO) in 2013 and led the office of the CEO later. She has served as chief human resources officer since April 1, 2019. Prior to this role, she was regional CEO for Allianz SE’s life and health (L&H) business in Asia Pacific, after being its regional CFO and head of L&H from 2015-2018.
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