Member of the board of administration takes the function till full-time successor is known as
Papanikolaou will switch his duties and tasks as chief govt officer of Allianz Industrial and AGCS SE to board of administration member Chris Townsend, pending regulatory approval, in accordance with a press release.
In a BestWire article, it was defined that Papanikolaou took over as chief govt officer of Allianz International Company & Specialty SE on January 1, 2024, when he succeeded Joachim Müller. He additionally had extra duty for main Allianz Industrial globally.
His profession at Allianz started in 1998, the place he held varied monetary administration roles at AGF Kosmos. Papanikolaou additionally served as CEO of Central Europe for Allianz Group from 2015, overseeing Allianz’s operations in 11 international locations. He was additionally beforehand CEO of Allianz Hellas from 2004 to 2015. Early in his profession, Papanikolaou served as a common supervisor in life, gross sales, and property/casualty enterprise and as an auditor at EY, the corporate stated in a earlier assertion.
In the meantime, Townsend, who will briefly fill Papanikolaou’s function, has over 34 years of business expertise. Previous to becoming a member of Allianz’s board of administration in 2021, Townsend was CEO Worldwide at AIG, the place he managed all common insurance coverage enterprise exterior the US, and CEO of MetLife Asia, the place he served on the worldwide govt committee.
Presently, Townsend is a member of Allianz SE’s board of administration, overseeing world insurance coverage strains, reinsurance, Anglo markets, the Center East, and Africa. He additionally serves as chairman of the supervisory board of Allianz International Company & Specialty SE and holds non-executive director positions at different Allianz International Group firms.
Underwriting entities of Allianz SE have present Greatest’s Monetary Power Rankings of A+ (Superior) and A (Wonderful).
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