The Allstate Corporation announced changes to its senior leadership team, effective Oct. 1, 2025.

Mario Rizzo will become chief operating officer, responsible for the Property-Liability and Protection Services businesses. He was previously president, Property-Liability. Rizzo has held numerous senior roles at Allstate during his 33 years with the company, most recently as executive vice president and chief financial officer of The Allstate Corporation and Allstate Insurance Company. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance.

Jess Merten, currently chief financial officer, will become president, Property-Liability. He will report to Rizzo. Merten joined Allstate in 2012 as a senior vice president in Finance overseeing Allstate Financial. Merten later became Allstate Financial’s chief financial officer, helping reposition the business and improve its performance. He was previously Allstate’s chief risk officer, overseeing all corporate risk and return activities.

John Dugenske will serve as the interim CFO while an external search is underway, along with his current role as president, Investments and Corporate Strategy. Dugenske joined Allstate in 2017 as executive vice president and chief investment officer. His role later expanded to chief corporate strategy officer. Before joining Allstate, Dugenske was group managing director and global head of Fixed Income at UBS Asset Management, where he oversaw more than $200 billion in assets. Before UBS, Dugenske was head of European and Middle East Fixed Income at Neuberger Berman (formerly Lehman Brothers Asset Management). He started his career as a portfolio manager at NISA Investment Advisors.

Tom Wilson, chair, president and CEO of The Allstate Corporation, commented, “The Transformative Growth initiative has positioned Allstate to increase property-liability market share and expand protection offered to customers. These leadership changes are the next logical step to complete our Transformative Growth initiative and enable us to leverage artificial intelligence to better serve customers, earn returns for shareholders and create opportunity for employees.”