Securian Financial Group, Inc. announced the appointment of executive vice president Christopher M. Hilger, effective January 1, 2012. According to chairman and CEO Robert L. Senkler, Hilger succeeds Randy F. Wallake, vice chairman and president, who is retiring June 30, 2012. Hilger will be the sixteenth president in Securian’s 131-year history.
As president, Hilger, 47, will report to Senkler with accountability for all of Securian’s insurance businesses and its Information Services technology division. Hilger also serves as CEO of Allied Solutions, LLC a Securian subsidiary headquartered in Indianapolis, In., that distributes insurance products and services to financial institutions.
“Chris grew up in the insurance industry and has a proven record of success as an entrepreneur and business leader who has played a key role in the development of Securian’s current growth strategies,” Senkler said.
“Preparing internal candidates for greater responsibility is a cornerstone of our culture. With Randy approaching retirement age, he and I have been working together for the past few years to make this a successful leadership transition.”
A 25-year veteran of the insurance industry, Hilger joined Securian in 2004 when the company purchased Allied Solutions, one of the leading distributors in the financial institution market. In 2007, he was named senior vice president of Securian’s Financial Institution Group and in 2010 was promoted to executive vice president with the added accountability for the company’s Group Insurance business. In the St. Paul community, Hilger serves on the board of Minnesota Philanthropy Partners.
Wallake, 63, also an insurance industry veteran, joined Securian in 1987 as vice president of pension sales and subsequently assumed responsibility for the company’s retirement business. In 2001, he was promoted to executive vice president, adding responsibility for the company’s individual insurance business and, two years later, its broker-dealer and trust operations. As president and vice chairman, he directed all of the company’s insurance businesses. Active in the industry, Wallake currently serves on the American Council of Life Insurers Executive Roundtable and the boards of L.L. Global, Inc. and the American College. In the Twin Cities, he is a past chairman and a member of the board of North Central Blood Services, a unit of the American Red Cross.
“During his career with Securian, Randy led the development and execution of key strategies that drove significant growth in all of our businesses while maintaining our financial strength and excellent industry reputation,” Senkler said.