Who owns allstate insurance
Thomas J. Wilson
Thomas J. Wilson (born ) is chairman, chief executive officer, and president of The Allstate Corporation.
Thomas wilson allstate Financial Services: Extensive experience gained while spending entire career within the financial services industry, including 28 years with Allstate. Risk Management: Created and implemented Allstate's risk and return optimization program, which allowed Allstate to withstand the financial market crisis and currently helps the company mitigate risks due to increased severe weather. Accounting and Finance: Deep understanding of strategic, financial and operational planning and analysis gained over tenure serving in leadership roles at Allstate. Complex, Highly Regulated Businesses: Valuable insights gained while serving in the highly regulated insurance industry. Sustainability: During tenure at Allstate, enhanced sustainability initiatives, including setting net-zero emissions targets and reducing emissions footprint.Wilson is also a member of the corporation's board of directors.[1][2]
Early life
Wilson was born in St. Clair Shores, Michigan. He graduated from Lake Shore High School in He subsequently earned a Bachelor of Science in Business Administration from the University of Michigan and later earned an MBA from Northwestern University's Kellogg School of Management in [3][2]
Career
Wilson held various financial positions at Amoco, where he worked from to He was managing director of mergers and acquisitions at Dean Witter Reynolds from to [1]
Wilson was formerly chairman and president of Allstate Financial, where he led expansion of financial retirement services.
Prior to this role Wilson was Allstate’s chief financial officer. Before joining Allstate in he worked for Sears, Roebuck & Company, where he was vice president of strategy and analysis.[4][5] He was responsible for strategic planning, financial planning and analysis, and special projects for the corporation.
From to , Wilson was president and chief operating officer of Allstate Corporation, and from to he was also president of Allstate Protection. According to , Wilson received $ million in fiscal year
Wilson is on the boards of the Property Casualty Insurers Association of America and serves as the chairman of the US Chamber of Commerce[6][7][8] and is a past chairman of the U.S.
Chamber of Commerce board of directors. He is a former board member of World Business Chicago.[1]
Philanthropy
Wilson serves as chairman of the U.S. Chamber of Commerce Foundation[9] and is a past chairman of the U.S. Chamber of Commerce board of directors.
Tom wilson allstate biography definition Wilson has held a number of senior executive positions at Allstate since As CEO, Wilson has led a multi-year transformation of Allstate to position it as the only insurer with differentiated brands targeted at each segment of the market. The emphasis has been not only on doing the right things, such as investing in cutting-edge innovation, improving efficiency and productivity, and shedding non-core assets, but in doing them in the right way — optimizing the pace of change, restructuring for the long term rather than short term, honoring commitments to employees, agency owners, customers and communities, and investing in the people of Allstate. He joined Allstate in from Sears, Roebuck and Co. He was Managing Director of Mergers and Acquisitions at Dean Witter Reynolds from to and held various financial positions at the Amoco Corporation from toHe is involved with numerous civic organizations including P33,[10] an initiative focused on accelerating Chicago's leadership in the digital economy; OneTen,[11] a corporate initiative to upskill, hire and promote one million people into family-sustaining jobs; and he co-founded the Get IN Chicago Foundation.[12][1][13] to reduce youth violence.
He is also a member of the Business Roundtable,[14] CEO Roundtable and the Aspen Economic Strategy Group.[15] He previously served as chair of the Financial Services Roundtable, Property-liability CEO Roundtable, deputy chair of the Federal Reserve Bank of Chicago,[16] and director of State Street Corporation.[17]
He is a member of the board of trustees of Rush University Medical Center[18] as well as a former board member of Francis W.
Parker School. He is also a member of the Young Presidents' Organization. Wilson is a Civic Committee member of the Commercial Club of Chicago.[19]
Personal life
Wilson currently lives in Chicago.[citation needed] In , Wilson and his wife sold their Lincoln Park home of more than two decades for $ million.[20]