Allstate Announces Retirement of Vice Chair, Don Civgin and Senior Leadership Change

Rhea-AI Summary

Don Civgin, the Vice Chair and CEO of Protection Products and Services at Allstate, has announced his retirement effective May 1, after 13 years with the company. Civgin joined Allstate in 2008, serving as Chief Financial Officer before becoming President and CEO of Allstate Financial in 2012. Terrance Williams will succeed him and has been leading transformative growth initiatives aimed at enhancing customer experience and reducing insurance costs. This leadership transition aligns with Allstate's goal of being a purpose-driven organization.

Positive

• Terrance Williams' promotion may enhance innovative growth strategies.
• Civgin's leadership strengthened Allstate's position in telematics and identity protection.

Negative

• Concern over potential disruption due to leadership change after Civgin's long tenure.

NORTHBROOK, Ill.--(BUSINESS WIRE)-- After a distinguished 13-year career at Allstate, Don Civgin, Vice Chair and CEO, Protection Products and Services has announced his decision to retire, effective May 1. Don joined the company as Chief Financial Officer in 2008, became President and CEO of Allstate Financial in 2012 and Vice Chair of The Allstate Corporation in 2019. He also serves as Chairman of the internationally renowned Ravinia® Festival. With Don’s retirement, Terrance Williams will become President, Protection Products and Services.

“Don’s leadership, business acumen and enterprise-first approach made Allstate successful in pursuing its purpose of protecting people from life’s uncertainties,” said Tom Wilson, Chair, President and CEO of The Allstate Corporation. “He has been an excellent partner and mentor to senior executives as Allstate transforms into a digital protection solutions provider. Don’s ability to attract, mentor and lead talent leaves us with an outstanding management team. His forward-thinking and innovative leadership helped position Allstate as a leader in telematics, identity protection and device protection plans. We thank him for his many contributions to Allstate’s continued success and wish him and his family the very best in their next chapter.”

Wilson continued, “Terrance Williams has been leading our Transformative Growth initiatives to enable Allstate agents to increase growth while improving the customer experience and provide lower insurance prices. Terrance will bring his extensive experience in building and growing innovative businesses to the Protection Products and Services organization.”

“This leadership change supports our objective of Allstate being a purpose-driven company powered by purpose-driven people,” concluded Wilson.

About Allstate

The Allstate Corporation (NYSE: ALL) protects people from life’s uncertainties with a circle of protection including cars, homes, electronic devices, benefits and identity theft. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate is widely known for the slogan “You’re in Good Hands with Allstate.”

Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220411005917/en/

Al Scott

(847) 402-5600

Source: The Allstate Corporation

FAQ

When is Don Civgin retiring from Allstate?

Don Civgin will retire effective May 1.

Who will succeed Don Civgin at Allstate?

Terrance Williams will become the new President of Protection Products and Services.

What are the expected impacts of the leadership change at Allstate?

The change may lead to new growth strategies and a focus on improving customer experience.

What were Don Civgin's contributions to Allstate?

Civgin was instrumental in positioning Allstate as a leader in telematics and identity protection.