NU Online News Service, Dec. 27, 9:15 a.m. – Allianz Life Insurance Company of North America, Minneapolis, today announced the election of Robert W. MacDonald, current chief executive officer, to the additional post of chairman, succeeding Lowell C. Anderson, who is retiring at the end of this year.

In addition, Mark A. Zesbaugh, senior vice president and chief financial officer of Allianz Life, was elected to the Allianz Life board. Zesbaugh has served as senior vice president and CFO of Allianz Life since the merger of Allianz Life and LifeUSA Holding, Inc. Minneapolis, in October 1999.

Previously Zesbaugh served for four years as senior vice president and CFO of LifeUSA Holding.