Nationwide names Walker as next CEO succeeding Rasmussen

US-based insurance and financial services provider Nationwide has named Kirt Walker as chief executive officer-elect, succeeding CEO Steve Rasmussen who is set to retire in the fall.

Walker will assume the top leadership role at the Ohio-based insurer on October 1, 2019.

Walker has been with Nationwide for over three decades, having served as president and chief operating officer of its financial services business lines since 2009. He served 23 years in the property and casualty business, including roles as president and chief operating officer of Nationwide Insurance and president of Allied Insurance, Nationwide's former independent agency subsidiary.

"Nationwide has enjoyed tremendous growth and momentum over the past 10 years with Steve at the helm. Kirt Walker has the unique experience and vision to build upon that momentum and lead our company to new heights and a bright future," said Tim Corcoran, chairman of the Board. "The company is well-positioned to grow its core businesses and continue to meet the future needs of our members and partners with new and innovative products and solutions."

Walker said: "I'm humbled and proud to lead this great company and iconic brand. In the days to come, I look forward to working with Steve Rasmussen, our Board of Directors and the executive leadership team to transition into my new role. I often talk to our people about Nationwide's unfair advantage over our competitors. It starts with our mutual heritage and our diverse portfolio, and it is fueled by our strong culture of caring for our members, partners, communities and each other. I'm incredibly optimistic about our future."

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