Allianz PNB Life Insurance has announced the appointment of Alexander Grenz as its new president and chief executive officer, effective 1 June 2019.
Grenz has been promoted to the role of CEO after more than three years as chief operating officer (COO) for the insurance company. He will be taking over from Olaf Kliesow, who will be taking on a new role as global head of rewards and performance at Allianz SE.
Grenz will now be responsible for steering the growth of Allianz PNB Life and continue to develop the partnership with the Philippine National Bank (PNB). He will report into the regional CEO, life and health, Asia-Pacific, and join the Allianz Asia board as well as the Board of Directors of Allianz PNB Life.
George Sartorel, regional CEO, Allianz Asia- Pacific said: “We congratulate Alexander on this appointment. He’s a dynamic leader with a strong track record of delivering quality performance, and we’re confident he will take the company towards its next phase of growth. We also thank Olaf for his outstanding leadership in the last three years. During his tenure, he has consistently delivered top and bottom line growth ahead of its market, as well as strengthened our distribution channels and solutions for our Filipino customers. We wish Olaf the very best as he continues to drive success for the group in his new role.”