Instruct: Given a premise, retrieve a hypothesis that is entailed by the premise.
Query: FRANKFURT, Oct 2 (Reuters) - Allianz extended the contract of Chief Executive Michael Diekmann by less than expected on Thursday, saying it would appoint Oliver Baete as the new chief of Europe’s largest insurer from May 7 next year. Diekmann’s current contract was due to expire in December, when he will also have turned 60, the traditional retirement age for top executives at the insurer but investors widely expected him to stay in his role for a further one to two years.
At Allianz, top execs usually retire when they are six decades old.
Oliver Baete is a man. 
Manu will retire in 2020.
It takes 30 years of service working for L'Oreal for any employee to become deputy chief executive.
The time for a new commander in chief is now.
the angel is nearly 80 years old
Alexander will retire soon from politics.
Alan is a chairman
Anthony Paul Beke is over 100 years old.
People in Europe should consider retiring at younger ages
Some traders are past the age of retirement.
Emily will keep her position for a long time.
Luciano Chailly was over 50 years old when he died
Luciano Chailly was over 80 years old when he died
The HR manager career path is quite long.
Allianz is an insurance Company
Oliver Bierhoff retired before 1968.
Alix is a senior.
Oliver Baete lives in europe
Betancourt died earlier in the year.
Goran Bezina is over 50 years old
Helmut Kohl will retire due to poor health.
Allianz is based in Germany
Insurance companies in Europe are publicly traded.  
Oliver Baete lives in europe