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Allstate announced that Glenn Shapiro, president, Property-Liability, has decided to retire effective Sept. 30. He joined Allstate as chief claims officer in 2016 and has held his current position since 2018.

Succeeding Shapiro is Mario Rizzo, who will become president, Property-Liability, on Sept. 1. Rizzo, who joined Allstate 33 years ago and has held a number of roles there, is currently chief financial officer.

Jess Merten will assume the chief financial officer role on Sept. 1. Merten joined Allstate in 2012 as CFO, Allstate Financial, and subsequently held the roles of treasurer, chief risk officer and president, Allstate Financial.

“Allstate’s leadership team is aligned on building a purpose-driven company that serves customers, employees, shareholders and communities, which makes leadership transitions seamless,” said Tom Wilson, chair, president and CEO of The Allstate Corporation.

“Glenn is an exceptional leader who expanded property-liability distribution, significantly lowered costs to provide greater value to customers and advanced our digital transformation,” Wilson noted. “Mario’s leadership capabilities and breadth of experience during his 33 years at Allstate will ensure that this momentum is maintained. Jess is ideally suited to be the chief financial officer, with success in multiple financial roles and most recently leading Allstate Financial and the divestiture of the life and annuity businesses.”

Source: Allstate