December 23, 1954
|Occupation||CEO of Allianz|
Michael Diekmann (born December 23, 1954) is the CEO of Allianz as of 2003. He began his career with Allianz in 1988 after becoming frustrated with his own business. In 1996, he moved to Singapore to run Allianz's Asia-Pacific business front. Diekmann's total compensation from 2010 was around one hundred and five million Euros. Diekmann earned his degree from Goettingen University, where he studied law and philosophy.
History at Allianz
Diekmann entered the position of CEO with a mindset that could be considered ruthless. He began by releasing thousands of employees from the company and shifted Allianz's focus to larger wealthier clients. Diekmann also put $730 million into the Fireman's Fund. This shrewd move effectively saved the company from going bankrupt. Once Diekmann took office as CEO, he was able to turn the company's fortunes around and Allianz became profitable within twelve months of his employment.