Allstate announced three senior leadership promotions in preparation for the retirement of Matt Winter, president of The Allstate Corp. The promotions include Steve Shebik to vice chairman of The Allstate Corp., Glenn Shapiro to president of Allstate Personal Lines and Mario Rizzo to chief financial officer.
Winter has decided to retire in late February after eight years at Allstate and a 25-year career in insurance. He joined Allstate in 2009 as president and CEO of Allstate Financial, became president of Allstate Personal Lines in 2012, and president of The Allstate Corp. in 2015.
Allstate Chairman and CEO Thomas Wilson will assume the role as president after Winter’s departure, according to a filing with the Securities and Exchange Commission. regulatory filing. Wilson has been CEO since January 2007 and chairman of the board since May 2008, and previously served as president from January 2005 to January 2015.
Shebik will oversee Allstate Life and Retirement, Allstate Benefits, Encompass, Esurance, Property-Liability Alternative Segments, Business Transformation, Finance, and D3, a corporate analytics team. He has held numerous senior roles at Allstate over the last 22 years, most recently as chief financial officer. He will continue reporting to Tom Wilson, chairman and chief executive officer of The Allstate Corp.
Shapiro has been promoted to president of Allstate Personal Lines, overseeing product, claims, operations, risk, finance and distribution. He has more than 28 years of property-liability experience and joined Allstate in 2016 as executive vice president, Allstate Personal Lines Claims. Shapiro will focus on the trusted advisor strategy, the utilization of telematics and digital enterprise. He will report to Wilson.
Rizzo is promoted to executive vice president and chief financial officer, reporting to Shebik. Rizzo has served as chief financial officer of Allstate Personal Lines as well as corporate treasurer.
Was this article valuable?
Here are more articles you may enjoy.