NORTHBROOK, Ill., Jan. 4, 2018 /PRNewswire/ -- Allstate
announced three senior leadership promotions in preparation for the
retirement of Matt Winter, President
of The Allstate Corporation. The promotions include Steve Shebik to Vice Chairman of The Allstate
Corporation, Glenn Shapiro to
President of Allstate Personal Lines and Mario Rizzo to Chief Financial Officer.
"These leadership changes demonstrate Allstate's effectiveness
in developing talent," said Tom
Wilson, Chairman and Chief Executive Officer of The Allstate
Corporation. "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. Steve and Mario have been integral to our
success over the last two decades and Glenn's addition to the team
in 2016 made us even stronger. Our continued success will be driven
by a focused strategy, specific operating priorities and 19 diverse
senior leaders, with an average of 15 years at Allstate," concluded
Wilson.
Matt 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 Corporation in 2015. "Matt has
helped us achieve both strategic and operational success, and build
a stronger organization. We wish him continued success in
retirement," said Wilson.
Winter is devoted to public service, including his current role
on the board of Feeding America, the nation's leading hunger-relief
charity. "It has been a true honor to be part of the leadership
team of this great company," said Winter. "I know it is poised for
continued success, as Tom has named an outstanding group of key
leaders for this organization."
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 successfully held numerous senior roles at
Allstate over the last 22 years, most recently as Chief Financial
Officer. He will continue reporting to Wilson.
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 expanding the
trusted advisor strategy, accelerating the utilization of
telematics and building an Integrated 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. He has been instrumental in ensuring Allstate's strong
capital management and financial flexibility.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting people from life's
uncertainties with 78 million proprietary policies. Allstate offers
a broad array of protection products through multiple brands and
diverse distribution channels, including auto, home, life and other
insurance offered through its Allstate, Esurance, Encompass and
Answer Financial brands. The company provides additional protection
products and services through Allstate Benefits, Allstate Roadside
Services, Allstate Dealer Services, Arity and SquareTrade. Allstate
is widely known from the slogan "You're In Good Hands With
Allstate®." Allstate agencies are in virtually every
local community in America. The Allstate Foundation, Allstate, its
employees and agency owners have a proud history of caring for
local communities.
Financial information, including material announcements about
The Allstate Corporation, is routinely posted on
www.allstateinvestors.com.
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SOURCE Allstate