Michael Diekmann
Michael Diekmann | |
|---|---|
| Born | Michael Diekmann December 23, 1954 |
| Occupation | CEO of Allianz |
Michael Diekmann (born December 23, 1954) was the CEO of Allianz in between 2003 and 2015. He is regarded as one of the finest CEOs in Europe.[1][2]
Early life and education
Diekmann knew early that the family construction business would go to his twin brother, who was more interested in engineering.[3] Instead, he earned his degree from Goettingen University, where he studied law and philosophy.[4]
Career
Diekmann began his career with Allianz in 1988 after becoming frustrated with his own business, a publishing house that focused on travel guides.[5] During his career, he later worked in Australia and the United States, where he successfully revamped the Fireman's Fund Insurance Company, the Allianz subsidiary there.[6] In 1996, he moved to Singapore to run Allianz's Asia-Pacific business front.[1]
As CEO, Diekmann steered Allianz through a difficult period at the start of the century, moving it from a low point in profitability to a bumper year in 2013 with an operating profit of €10.1 billion.[7] Under his leadership, the insurer also converted its legal form, then Aktiengesellschaft, or German joint-stock company, to Societas Europaea (SE) in 2006.[8] By 2014, Allianz had grown to become the world’s second-biggest investor after BlackRock.[9] That same year, Diekmann weathered a hailstorm of criticism about the sagging performance at the firm’s asset manager, Pimco.[10]
Diekmann's total compensation from 2010 was around one hundred and five million Euros.[11]
In late 2014, it was announced that Diekmann, would step down the following year after he turned 60, which is traditionally the age limit for board members at Allianz.[12] At the time, investors widely expected him to stay in his role for a further one to two years.[13]
Other activities
Corporate boards
- Temasek Holdings, Member of the European Advisory Panel (since 2016)[14]
- Linklaters, Member of the International Advisory Group (since 2016)[15]
- Fresenius, Deputy Chairman of the Supervisory Board (since 2015)[16]
- Siemens, Member of the Supervisory Board (since 2008)
- Linde, Deputy Chairman of the Supervisory Board (2003-2017)[17]
- Lufthansa, Member of the Supervisory Board (-2008)
Non-profit organizations
- Allianz Umweltstiftung, Deputy Chairman of the Board of Trustees (-2015)[18]
- European School of Management and Technology (ESMT), Chairman of the Board of Trustees (2007-2015)[19]
- Siemens Stiftung, Member of the Board of Trustees[20]
- International Business Leaders Advisory Council for the Mayor of Shanghai (IBLAC), Member
- Monetary Authority of Singapore, Member of the Advisory Board
- Munich Security Conference, Member of the Advisory Council (2008-2015)[21]
- Pan-European Insurance Forum (PEIF), Member (2003-2015)
- Geneva Association, Vice Chairman (2003-2015)
References
- ^ a b European CEO
- ^ Dauer, Ulrike. "Allianz CEO Michael Diekmann to Step Down", The Wall Street Journal, 2 October 2015. Accessed 10 December 2015.
- ^ James Wilson (September 7, 2008), Chief with a taste for adventure Financial Times.
- ^ Education
- ^ Wilson, James. "Chief with a taste for adventure", Financial Times, 7 September 2008. Accessed 10 December 2015.
- ^ Carter Doughherty (July 20, 2006), A European Allianz becomes less German International Herald Tribune.
- ^ Alice Ross (October 2, 2014), Michael Diekmann to step down as Allianz chief Financial Times.
- ^ Carter Doughherty (July 20, 2006), A European Allianz becomes less German International Herald Tribune.
- ^ Jonathan Gould (August 1, 2014), Allianz to stick with old guard as CEO contract ends Reuters.
- ^ Jonathan Gould (August 1, 2014), Allianz to stick with old guard as CEO contract ends Reuters.
- ^ Forbes
- ^ Alice Ross (October 2, 2014), Michael Diekmann to step down as Allianz chief Financial Times.
- ^ Jonathan Gould (October 2, 2014), Allianz CEO Diekmann to step aside for Baete in May Reuters.
- ^ Temasek establishes European Advisory Panel Temasek Holdings, press release of 20 January 2016.
- ^ Lutz Reiche (April 4, 2016), Ex-Allianz-Chef Diekmann heuert bei Linklaters an Manager Magazin.
- ^ Supervisory Board Fresenius.
- ^ Axel Höpner (March 9, 2017), Airbus-Chef: Enders rückt in den Linde-Aufsichtsrat Handelsblatt.
- ^ Wechsel im Kuratorium der Allianz Umweltstiftung Allianz Umweltstiftung, press release of May 29, 2015.
- ^ Dr. Dieter Zetsche succeeding Michael Diekmann as Chairman of the Board of Trustees of the ESMT Foundation European School of Management and Technology (ESMT), press release of April 28, 2015.
- ^ Board of Trustees Siemens Stiftung.
- ^ Advisory Council Munich Security Conference.
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