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Allianz Hungária CEO resigns

Insurance company Allianz Hungária announced that its CEO, Mihály Patai, submitted his resignation to the board at a meeting on Tuesday. Patai cited personal reasons for leaving the company, which he headed for 10 years. His resignation is effective February 28. The board has appointed deputy CEO and member of the board Károly Salamon to replace Patai as of March 1.