Michael Diekmann

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Michael Diekmann
Michael Diekmann, and Kumi Naidoo, 2012
Born	Michael Diekmann (1954-12-23) December 23, 1954 (age 69) Bielefeld, West Germany (now Germany)
Occupation	Former 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.

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

• Google Cloud Platform, Member of the European Advisory Board (since 2022)^[14]
• Temasek Holdings, Member of the European Advisory Panel (since 2016)^[15]
• Linklaters, Member of the International Advisory Group (since 2016)^[16]
• Fresenius, Deputy Chairman of the Supervisory Board (since 2015)^[17]
• Siemens, Member of the Supervisory Board (since 2008)^[18]
• BASF, Member of the Supervisory Board (2003-2019)^[19]
• Linde, Deputy Chairman of the Supervisory Board (2003-2017)^[20]
• Lufthansa, Member of the Supervisory Board (2003-2008)^[21][22]

Non-profit organizations

• Allianz Umweltstiftung, Deputy Chairman of the Board of Trustees (-2015)^[23]
• European School of Management and Technology (ESMT), Chairman of the Board of Trustees (2007-2015)^[24]
• Siemens Stiftung, Member of the Board of Trustees^[25]
• 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)^[26]
• Pan-European Insurance Forum (PEIF), Member (2003-2015)
• Geneva Association
  , Vice Chairman (2003-2015)

References