Allianz appoints chief business transformation officer

German insurer Allianz has appointed Iván de la Sota to its board of management as chief business transformation officer.

De la Sota has been with Allianz for 27 years and was appointed CEO of the Iberian and Latin American region in November 2015. Previously, he spent four years as CEO of Allianz Spain.

Under De la Sota's leadership, the company's new board of management division will assume the responsibility for business model transformation and innovation. It will support Allianz entities in exploiting business opportunities that arise from a growing demand for digital insurance and investment solutions among all customer groups.

The division will also be responsible for the European direct insurance companies, the global business line Allianz Partners, and for the Iberian and Latin American region.

“By introducing this board function, Allianz emphasizes the importance of developing future-ready business models," said Michael Diekmann, chairman of the supervisory board of Allianz. "Iván 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, 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.”

De la Sota has been appointed to the board of management until December 31, 2020. The supervisory board of Allianz has also extended the contracts of Sergio Balbinot and Axel Theis, both members of the board of management of Allianz, until December 31, 2020.

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