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At Allianz, CEO stays but CFO goes
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
The logo of Allianz is seen on a building in Paris, France, April 30, 2020. Baete, whose contract was extended to 2028, said: "I thank the Supervisory Board for their confidence and support." Chief Financial Officer Giulio Terzariol is leaving to head the insurance division at Generali, the Italian company announced on Monday. Allianz has appointed Claire-Marie Coste-Lepoutre to succeed him as finance chief. Coste-Lepoutre is a French national who has been with Allianz since 2011, with previous stints at Swiss Re, SCOR and McKinsey.
Persons: Charles Platiau, Oliver Baete, Baete, Giulio Terzariol, Claire, Marie Coste, Lepoutre, Tom Sims, Alexander Huebner, Miranda Murray Organizations: Allianz, REUTERS, Rights, U.S . Department of Justice, U.S . Securities, Exchange Commission, Board, Monday, Swiss, SCOR, McKinsey, Thomson Locations: Paris, France, U.S, Generali, Italian, French
Net profit attributable to shareholders was 2.464 billion euros ($2.47 billion) in the quarter compared to 2.111 billion euros a year earlier. The figure surpassed a 2.320 billion euro consensus forecast. Allianz said operating profit in 2022 would be in the upper half of its previously stated range of 12.4 billion euros to 14.4 billion euros. The "upper half" is new guidance and rosier than before. Separately, the company announced a 1 billion euro share buyback programme, which would start in the middle of November and conclude by the end of next year at the latest.
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