Allianz SE has appointed Iván de la Sota as chief business transformation officer to the firm’s board of management.
The new management board division, aimed to support Allianz entities in exploiting business opportunities arising from a growing demand for digital insurance and investment solutions among all customer groups, will also be responsible for the European direct insurance companies, the global business line Allianz Partners, and the Iberian and LatAm regions.
De la Sota (pictured), whose appointment is effective from April 2018 until December 2020, has worked at Allianz for 27 years and in 2015 was appointed Iberian and LatAm CEO. Prior to that, he spent four years as CEO of Allianz Spain.
Allianz SE Supervisory Board is also extending Sergio Balbinot and Axel Theis’ contracts, both members of the company’s board of management until December 2020.
Michael Diekmann, chairman of the Supervisory Board of Allianz SE, said: “By introducing this board function, Allianz emphasizes the importance of developing future-ready business models. De la Sota has mastered such challenges several times before and has the capabilities to continue this on the group level.”
Oliver Bäte, CEO of Allianz SE, added: “Iván de la Sota is a CEO with a proven track record in implementing fundamental changes in retail business models. Additionally, he understands how to increase productivity and customer satisfaction while keeping employees engaged. He will be able to build on the strong foundation laid by Solmaz Altin, who as Chief Digital Officer implemented our Digital Agenda over the last two years.”