Allianz PNB Life Insurance announced the appointment of its new President and Chief Executive Officer, replacing current CEO Olaf Kliesow.
Alexander Grenz has been promoted to the CEO role after more than three years as Chief Operating Officer (COO) for Allianz PNB Life, effective 1 June, subject to regulatory approval. Olaf Kliesow will be moving internally to take on a new role as Global Head of Rewards & Performance at Allianz SE.
«We’re confident Alexander Grenz will take the company towards its next phase of growth. We also thank he 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,» said George Sartorel, Regional CEO, Allianz Asia Pacific.
Responsible For Growth
Grenz will report into the Regional CEO, Life & Health, Asia Pacific and join the Allianz Asia Board, as well as the Board of Directors of Allianz PNB Life. In his new role, he will be responsible for steering the growth and value creation of Allianz PNB Life and continue to develop the close collaboration and partnership with PNB.
Having been with the Group for over 15 years, Grenz brings a deep understanding and experience of insurance management in the region and in the Philippines. As COO, he was responsible for Allianz PNB Life’s operations, technology and transformation functions, establishing its processes and innovation to drive service excellence and revenue growth.
COO Announced Soon
Kliesow has been with Allianz since 2010, including the last three years as President and CEO of Allianz PNB Life, where he has established the company to become the fastest-growing life insurer in the country. Since 2018, he has served as President of the Philippines Life Insurance Association, providing strategic leadership towards the development of its life insurance industry. He will support the transition process through to the third quarter of 2019.
A successor to the role of COO will be announced in due course.
