Allstate makes leadership changes as president readies for retirement

With its president leaving next month, the insurance giant is shaking up its leadership team with three new promotions

Allstate makes leadership changes as president readies for retirement

Insurance News

By Ryan Smith

Allstate has announced changes to its senior leadership in preparation for the retirement of Allstate Corporation President Matt Winter. The company has promoted Steve Shebik to vice chairman, Glenn Shapiro to president of Allstate Personal Lines and Mario Rizzo to chief financial officer.

“Matt Winter has been a fabulous partner in preparing for this change by developing leaders, enhancing operating processes and maintaining a focus on precision execution,” said Tom Wilson, chairman and CEO of The Allstate Corporation.

Winer is retiring next month after eight years at Allstate and a 25-year career in the insurance industry. He joined Allstate in 2009 as president and CEO of Allstate Financial. He became president of Allstate Personal Lines in 2012 and president of The Allstate Corporation in 2015.

In his new role, Shebik will oversee Allstate Life and Retirement, Allstate Benefits, Encompass, Esurance, Property Liability Alternative Segments, Business Transformation, Finance, and corporate analytics team D3. Over a 22-year career at Allstate, he’s held numerous senior roles, most recently as CFO. He will report to Wilson.

As president of Allstate Personal Lines, Shapiro will oversee product, claims, operations, risk, finance and distribution.
He joined Allstate in 2016 as executive vice president of Allstate Personal Lines Claims. He will report to Wilson.

As CFO, Rizzo will report to Shebik. He has served as CFO of Allstate Persona Lines and as corporate treasurer.



 

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