1. Leadership changes at Allstate take effect on October 1, 2025. 2. Mario Rizzo promoted to Chief Operating Officer, enhancing operations. 3. Jess Merten becomes President, Property-Liability, reporting to Rizzo. 4. Tom Wilson highlights growth initiative focusing on AI for customer service. 5. Interim CFO appointed while searching for a permanent candidate.
Leadership changes often signal strategic shifts. Historical precedent shows effective leadership boosts stock prices.
Strategic leadership transitions can influence investor perceptions and operational effectiveness.
These changes align with a broader growth strategy expected to yield results over years.
The Allstate Corporation today announced changes to its senior leadership team, effective Oct. 1, 2025.
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."
About Allstate
The Allstate Corporation (NYSE:ALL) protects people from life's uncertainties with affordable, simple and connected protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has more than 208 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate." For more information, visit www.allstate.com.
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Nick Nottoli
Media Relations
mediateam@allstate.com
Allister Gobin
Investor Relations
(847) 402-2800