Allstate Corporation Announces Major Leadership Changes for Growth Initiative

Northbrook, Illinois – The Allstate Corporation announced significant changes to its senior leadership team on October 2, 2025. Mario Rizzo has been appointed Chief Operating Officer, overseeing the Property-Liability and Protection Services divisions.

Rizzo, who previously served as President of Property-Liability, brings 33 years of experience at Allstate. His past roles include Executive Vice President and Chief Financial Officer of The Allstate Corporation and Allstate Insurance Company. He has also held positions as Chief Financial Officer of Property-Liability and Treasurer of Allstate.

In addition, Jess Merten, the current Chief Financial Officer, will transition to the role of President, Property-Liability, reporting directly to Rizzo. Merten joined Allstate in 2012 and has held various roles, including Chief Risk Officer.

John Dugenske will serve as Interim Chief Financial Officer while the company seeks a permanent candidate. He is also the President of Investments and Corporate Strategy. Dugenske joined Allstate in 2017 and previously worked at UBS Asset Management.

Tom Wilson, Chair, President, and CEO of The Allstate Corporation, praised these changes, stating, “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 opportunities for employees.”