8-K filed August 18, 2022, 7:59 PM ET ticker ALL CIK 0000899051

leadership confidence high sentiment neutral materiality 0.60

Allstate names Jess Merten as CFO; Mario Rizzo becomes President, Property-Liability

ALLSTATE CORP

Glenn Shapiro retires as President, Property-Liability effective Sept 30, 2022; receives $1.1M voluntary retirement payment.
Mario Rizzo transitions from CFO to President, Property-Liability effective Sept 1; salary $850,000, incentive targets increased.
Jess Merten succeeds Rizzo as CFO effective Sept 1; salary $765,000, target equity incentive 300% of salary.
John Dugenske becomes President, Investments and Corporate Strategy effective Sept 1.
Leadership changes are part of Allstate's purpose-driven strategy to improve auto insurance margins.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Glenn T. Shapiro

President, Property-Liability

ALL · ALLSTATE CORP

Effective: 2022-09-30
Successor: Mario Rizzo
Filed: August 18, 2022, 7:59 PM ET

On August 18, 2022, the Registrant announced that Glenn T. Shapiro, current President, Property-Liability of AIC, will retire on September 30, 2022.

Role change

John E. Dugenske

President, Investments and Corporate Strategy

ALL · ALLSTATE CORP

Effective: 2022-09-01
Filed: August 18, 2022, 7:59 PM ET

As part of these organizational changes, John E. Dugenske, current President, Investments and Financial Products of AIC was elected President, Investments and Corporate Strategy of AIC, effective September 1, 2022.

Role change

Mario Rizzo

President, Property-Liability

ALL · ALLSTATE CORP

Effective: 2022-09-01
Filed: August 18, 2022, 7:59 PM ET

On August 18, Mario Rizzo, current Executive Vice President and Chief Financial Officer of the Registrant and Allstate Insurance Company (“AIC”), was elected as President, Property-Liability of AIC, effective September 1, 2022.

Appointed

Jesse E. Merten

Executive Vice President and Chief Financial Officer

ALL · ALLSTATE CORP

Effective: 2022-09-01
Filed: August 18, 2022, 7:59 PM ET

On August 18, Jesse E. Merten was elected to succeed Mr. Rizzo as Executive Vice President and Chief Financial Officer of the Registrant and AIC, effective September 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Glenn T. Shapiro departed as President, Property-Liability at ALLSTATE CORP.

Action: retire
Role: President, Property-Liability

Exact text from the filing

On August 18, 2022, the Registrant announced that Glenn T. Shapiro, current President, Property-Liability of AIC, will retire on September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John E. Dugenske was elected as President, Investments and Corporate Strategy at ALLSTATE CORP.

Action: elected
Role: President, Investments and Corporate Strategy

Exact text from the filing

As part of these organizational changes, John E. Dugenske, current President, Investments and Financial Products of AIC was elected President, Investments and Corporate Strategy of AIC, effective September 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mario Rizzo was elected as President, Property-Liability at ALLSTATE CORP.

Action: elected
Role: President, Property-Liability

Exact text from the filing

On August 18, Mario Rizzo, current Executive Vice President and Chief Financial Officer of the Registrant and Allstate Insurance Company (“AIC”), was elected as President, Property-Liability of AIC, effective September 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jesse E. Merten was appointed as Executive Vice President and Chief Financial Officer at ALLSTATE CORP.

Action: elected to succeed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On August 18, Jesse E. Merten was elected to succeed Mr. Rizzo as Executive Vice President and Chief Financial Officer of the Registrant and AIC, effective September 1, 2022.

View on SEC.gov

ALLSTATE CORP filing history →

Source: SEC EDGAR

accession 0000899051-22-000059

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