Jean-Philippe Thierry will retire from AGF chairmanship and Allianz SE Board of Management on 31 December 2009.
Within this context the Euler Hermes Supervisory Board which met earlier today, has appointed Clement B. Booth Chairman as of 1st January 2010.
He takes over from Jean-Philippe Thierry, who will remain a .
Clement B. Booth joined the Euler Hermes Supervisory Board at the 18 September 2009 Shareholders Meeting. (Paris, 09/11/2009)
Clement B. Booth, 55, a German citizen, has been a Member of the Management Board of Allianz SE since 2006. He is responsible for reinsurance and the global corporate & specialty insurance business as well as insurance activities in the NAFTA region, United Kingdom, Ireland and Australia.
From 2003 to 2005, Clement B. Booth was Chairman and CEO of Aon Re International, based in London. He was with the Munich Re Group for 18 years before this, the last 5 of which were as Member of the Management Board in Munich during which period his overall responsibilities included credit reinsurance.
Clement B. Booth has 36 years of experience in the insurance business.
The Supervisory Board thanks Jean-Philippe Thierry who, as its Chairman since 2001, played a decisive role in the forming and the development of the Euler Hermes group.