The Supervisory Board of Allianz SE has announced that Iván de la Sota is to join the company’s new Board of Management division, and will assume the role of Chief Business Transformation Officer.
The division will help Allianz exploit the growing demand for digital insurance and investment solutions, and de la Sota will now oversee responsibilities relating to European direct insurance companies, the global business line Allianz Partners, and the Iberian and Latin American region.
De la Sota has already been with Allianz for 27 years. He is currently Chief Executive Officer (CEO) of the Iberian and Latin American region, and has previously held the position of CEO of Allianz Spain.
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. 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 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.”
De la Sota’s contract with the Board of Management will end in 2020. The Supervisory Board has also decided to extend the contracts of fellow Board of Management members Sergio Balbinot and Axel Theis until this time.