Michael Diekmann

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Michael Diekmann
Msc2012 20120203 171 Diekmann Naidoo Kai Moerk.jpg
Michael Diekmann, and Kumi Naidoo, 2012
Born
Michael Diekmann

(1954-12-23) December 23, 1954 (age 66)
Bielefeld, Germany
OccupationFormer CEO of Allianz

Michael Diekmann (born December 23, 1954) is a German manager who served as the CEO of Allianz in between 2003 and 2015.[1]

Early life and education[]

Diekmann knew early that the family construction business would go to his twin brother, who was more interested in engineering.[2] Instead, he earned his degree from Goettingen University, where he studied law and philosophy.[3]

Career[]

Diekmann began his career with Allianz in 1988 after becoming frustrated with his own business, a publishing house that focused on travel guides.[4] 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.[5] In 1996, he moved to Singapore to run Allianz's Asia-Pacific business front.[6]

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)[17]
  • BASF, Member of the Supervisory Board (2003-2019)[18]
  • Linde, Deputy Chairman of the Supervisory Board (2003-2017)[19]
  • Lufthansa, Member of the Supervisory Board (2003-2008)[20][21]

Non-profit organizations[]

References[]

  1. ^ Dauer, Ulrike. "Allianz CEO Michael Diekmann to Step Down", The Wall Street Journal, 2 October 2015. Accessed 10 December 2015.
  2. ^ James Wilson (September 7, 2008), Chief with a taste for adventure Financial Times.
  3. ^ Education
  4. ^ Wilson, James. "Chief with a taste for adventure", Financial Times, 7 September 2008. Accessed 10 December 2015.
  5. ^ Carter Doughherty (July 20, 2006), A European Allianz becomes less German International Herald Tribune.
  6. ^ European CEO
  7. ^ Alice Ross (October 2, 2014), Michael Diekmann to step down as Allianz chief Financial Times.
  8. ^ Carter Doughherty (July 20, 2006), A European Allianz becomes less German International Herald Tribune.
  9. ^ Jonathan Gould (August 1, 2014), Allianz to stick with old guard as CEO contract ends Reuters.
  10. ^ Jonathan Gould (August 1, 2014), Allianz to stick with old guard as CEO contract ends Reuters.
  11. ^ Forbes
  12. ^ Alice Ross (October 2, 2014), Michael Diekmann to step down as Allianz chief Financial Times.
  13. ^ Jonathan Gould (October 2, 2014), Allianz CEO Diekmann to step aside for Baete in May Reuters.
  14. ^ Temasek establishes European Advisory Panel Temasek Holdings, press release of 20 January 2016.
  15. ^ Lutz Reiche (April 4, 2016), Ex-Allianz-Chef Diekmann heuert bei Linklaters an Manager Magazin.
  16. ^ Supervisory Board Fresenius.
  17. ^ Dinah Deckstein (November 29, 2007), Generationswechsel: Neue Garde soll Siemens kontrollieren Der Spiegel.
  18. ^ Supervisory Board of BASF nominates its candidates for new election in May 2019 BASF, press release of December 13, 2018.
  19. ^ Axel Höpner (March 9, 2017), Airbus-Chef: Enders rückt in den Linde-Aufsichtsrat Handelsblatt.
  20. ^ Arne Stuhr (June 17, 2003), Lufthansa: Der spät Berufene Manager Magazin.
  21. ^ 2008 Annual Report: Supervisory Board Lufthansa
  22. ^ Wechsel im Kuratorium der Allianz Umweltstiftung Allianz Umweltstiftung, press release of May 29, 2015.
  23. ^ 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.
  24. ^ Board of Trustees Siemens Stiftung.
  25. ^ Advisory Council Munich Security Conference.
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