Allianz Life Insurance Company of North America, Minneapolis has named Walter White as its new president and CEO. The appointment is effective January 1, 2012.

White succeeds Gary Bhojwani, who will continue to reside in Minneapolis, becoming chairman of Allianz Life and assuming responsibility for the U.S. insurance operations of Allianz on the Board of Management of Allianz SE, Munich.  White joined Allianz Life in 2009 as chief administrative officer, responsible for compliance, information technology, operations, and suitability.

The company says that White’s appointment remains subject to approval by Allianz Life’s board of directors.

Prior to joining Allianz Life in 2009, White was president of Woodbury Financial Services (Hartford Life’s independent broker/dealer). He led the formation of Woodbury Financial after Hartford Life purchased Fortis Financial Group, a financial services, insurance, and investment company, in 2001.

At Fortis, White held senior leadership positions in operations, finance, marketing, and sales. Before joining Fortis, White was also president of MONY Brokerage, the MONY Group’s life insurance brokerage subsidiary.