Allstate Corp. President Matt Winter will retire at the end of February, the company announced Wednesday.
Winter, the No. 2 person in the Northbrook-based insurance giant's chain of command, has been with the company since 2009. A 25-year veteran in the industry, he joined Allstate as president and CEO of Allstate Financial, became president of Allstate Personal Lines in 2012 and moved to his current position in 2015.
Allstate CEO Tom Wilson said Winter was instrumental in "developing leaders, enhancing operating processes and maintaining a focus on precision execution.
"Matt has helped us achieve both strategic and operational success, and build a stronger organization," Wilson said.
The company also announced three promotions to fill Winter's role. Steve Shebik will become vice chairman of Allstate Corp. Glenn Shapiro will become president of Allstate Personal Lines and Mario Rizzo will serve as chief financial officer. All three will report to Wilson.
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 numerous senior roles at Allstate over the last 22 years, most recently as CFO.
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.
Rizzo is promoted to executive vice president and chief financial officer, reporting to Shebik. Rizzo has served as CFO of Allstate Personal Lines as well as corporate treasurer.
"These leadership changes demonstrate Allstate's effectiveness in developing talent," Wilson said.