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ALLIANZ ANNOUNCES TWO NEW MANAGEMENT BOARD APPOINTMENTS

Press Release   •   Dec 14, 2015 10:39 GMT

Allianz Insurance has appointed Stephanie Smith and Jacob Abboud to its management board, to replace John Knowles who has decided to retire from the business.

Stephanie Smith has been promoted to the role of chief operating officer (COO), effective from 1 January 2016. Stephanie joined Allianz in 2009, initially working in IT and more recently as director, operations, in Allianz’s Retail division. Prior to joining Allianz, Stephanie worked for British Airways as head of change management for Inflight Services.

Jacob Abboud has joined the business as Allianz’s chief information officer (CIO). Jacob has vast experience in the IT field, most recently as theCIO for savings, insurance and group digital at Legal & General. Prior to joining Legal & General, Jacob held various IT leadership roles in the Retail Banking and Investment Banking sector.

The two appointments follow the announcement that John Knowles will retire from his role as director, IT and offshore operations in January 2016, after 16 years at Allianz.

Allianz CEO, Jon Dye said:

“John has made an outstanding contribution to our business over the last sixteen years. I would like to thank him for everything that he has done, as a great leader of our IT division, for developing our Indian operations and as a valued member of the management board."

He added:

“I am delighted to welcome Jacob and Stephanie to our management board. They both have a wealth of experience across multiple industries and a proven track record of delivering excellent results.”

Both appointments are subject to regulatory approval.

ENDS

Notes to Editors

1. Photographs of Stephanie Smith and Jacob Abboud are available to download below.

Allianz Insurance is one of the largest general insurers in the UK and part of the Allianz SE Group, the largest property and casualty insurer worldwide.

Around 85 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity to help them make the most of financial opportunities and to avoid and safeguard themselves against risks. In 2014, over 147,000 employees in more than 70 countries achieved total revenues of approximately 122.3bn euros.

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