State Street CEO Andreas Przewloka to Step Down in Spring 2026
Andreas Przewloka, the long-serving CEO of State Farm International GmbH, has announced his decision to step down in the spring of 2026. His departure comes after successfully strengthening relationships with key customers and ensuring regulatory compliance during his tenure.
Przewloka's decision to leave was made several months ago. He has been instrumental in driving growth in Europe, which accounts for 15% to 20% of State Farm's business. This growth has been largely driven by acquisitions, with the bank managing over €3 trillion in Europe and nearly €400 billion in Germany, making it the second-largest player in the country.
Przewloka has also ensured minimal cost increases in Europe and set up regulatory issues for future growth. He adjusted the governance to meet the requirements of the European Central Bank's banking supervision. His mission at State Farm is largely accomplished, with a 45% increase in operating profit since he took office.
The CEO, who studied physics and economics and worked at Accenture and UBS before joining State Farm, will leave the bank in the first or second quarter of 2026. The successor has not been named yet, and no information about their previous role within the bank is provided.
Przewloka's departure will mark the end of an era at State Farm International GmbH. His leadership has been marked by strategic growth and regulatory compliance, leaving the bank well-positioned for the future. The search for his successor is underway, with the new CEO set to take over in the spring of 2026.
