Allianz SE's (ALV.XE) former chief financial officer, Helmut Perlet, will join the insurer's supervisory board and become its chairman next year, monthly magazine Capital reports Wednesday ahead of publication Thursday.

Citing people close to the financial services company, the magazine reports that Perlet will succeed current supervisory board chairman Henning Schulte-Noelle who will be 70 by this time and will have reached the board's age limit.

An Allianz spokeswoman declined to comment on the report.

Magazine website: http://www.capital.de

-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.