The Allstate Corp.’s succession planning is in full swing as it prepares for the retirement of its president, Matt Winter, in February 2018.

Allstate Chairman and CEO Thomas Wilson plans to take over the role as president after Winter’s departure, according to a regulatory filing.

Also, the nation’s largest publicly held personal lines insurer said it has promoted three of its executives in anticipation of Winter’s departure. Winter is retiring after eight years at Allstate and a 25-year career in insurance.

Here are the executive changes:

  • Steve Shebik has been promoted to vice chairman of The Allstate Corp. 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 a number of leadership roles at Allstate over 22 years with the company, most recently as chief financial officer. He’ll still report to Wilson.
  • Glenn Shapiro is the new president of Allstate Personal Lines. His job involves overseeing product, claims, operations, risk, finance and distribution. Shapiro, with 28 years of property and liability experience, joined Allstate in 2016 as executive vice president, Allstate Personal Lines Claims. He’ll focus on expanding the trusted adviser strategy, speeding up the use of telematics and building an integrated digital enterprise. He’ll report to Wilson.
  • Mario Rizzo will be the insurer’s next chief financial officer. He’ll also have the title of executive vice president and report to Shebik. He has served as chief financial officer for Allstate Personal Lines and also corporate treasurer. Allstate credited him with being instrumental in ensuring the insurer’s “strong capital management and financial flexibility.”

As for Winter, Wilson referred to him as someone who has been instrumental in helping with the insurer’s succession planning.

Winter “has been a fabulous partner in preparing for this change by developing strong leaders, enhancing operating processes and maintaining a focus on precision execution,” Wilson said in prepared remarks.

He added that Wilson was key in helping the insurer “achieve both strategic and operational success, and build a stronger organization.”

Source: The Allstate Corp.

Topics Allstate