In-house successor promoted to Chief Financial Officer
milwaukee, December 8, 2022 /PRNewswire/ — Northwestern Mutual Chairman, President and CEO John Shlifsky .
Mike Carter, The Chief Financial Officer and Risk Officer successfully completes a 14-year tenure leading the company’s financial operations and transitions to a new Senior Leadership Team role as Chief of Staff in the CEO Office. Carter will chair the company’s senior management team, overseeing the company’s quarterly business reviews and transformation spending, while continuing to serve as a key strategic advisor to Schlifske and the rest of the senior management team. To do.
Due to Carter’s change, Todd Jones, Currently Vice President and Controller, he will assume the role of Executive Vice President and Chief Financial Officer, reporting directly to Schlifske and joining the company’s senior management team. Jones will lead the Finance and Risk function with responsibility for the company’s financial management and planning, budgeting, actuarial, investment risk and operations, enterprise risk management and resilience, and enterprise audit and anti-fraud teams.
Jones joined Northwestern Mutual in 2003 and held leadership roles on the Finance and Risk team prior to his current role. Prior to joining the company, he worked in public accounting for the first 13 years of his career in the financial services division of PricewaterhouseCoopers. Jones holds a Bachelor of Science degree in Accounting. Marquette University I am a Certified Public Accountant (CPA). He is also a member of the American Institute of Certified Public Accountants (AICPA) and the Wisconsin Institute of Certified Public Accountants (WICPA).
Schlifske said: “I would like to thank Mike for professionally leading our financial management for over a decade, especially during volatile times such as the Great Recession. Todd’s leadership experience, understanding of our business, and insurance Our commitment to deliver results to our contractors will help us take our next step: the future.”
president Northwestern Mutual Investment Management Company’s Ron Joelson to Retire
Ron JoelsonThe executive vice president and president of Northwestern Mutual Investment Management Company has announced that he will retire at the end of the year. Joelson joined the company in 2012 as Chief Investment Officer. December 2020During his tenure, he was an influential leader in the operational investment division, advancing the firm’s general account investment portfolio through a decade of historically low interest rates.
“Ron has an illustrious background and has had a significant impact over the years on the decisions behind our investment strategy, policies, investment function and general ledger success,” added Mr Schrifske. “At the same time, he is both an advocate and advocate for his team’s talent, resulting in a deep bench of leaders who will guide the company’s investments for decades to come.”
A new accountable leader
Lisa Cadot, currently Vice President – Investment Risk and Operations and Vice President – Financial Planning and Analysis, will report to Jones. She leads the company’s financial planning and analysis, including sourcing and procurement, and organizational excellence. After she joined Northwestern Mutual Capital in 1996, she moved into the company’s financial operations. Cadotte has a Bachelor’s degree in Finance. University of Wisconsin-Milwaukee and get an MBA University of Washington.
Ryan Heinemannow Vice President and Corporate Advisor, will succeed Chris Gowert Effectively act as general counsel leading the company’s legal department March 1, 2023Gawart recently announced that he would be retiring after 12 years with the company following a long career as a private practitioner. Heinemann reports directly to the Chief Legal and Compliance Officer. Ray ManistaHe joined Northwestern Mutual in 2012 and has numerous experience in the legal field in the areas of corporate tax, investment tax, private equity and debt transactions, corporate transactions, human resources, employee benefits, and general corporate matters. has played its role. He holds both a Bachelor of Business Administration degree in Marketing and Political Science and a Juris Doctor degree from the university. University of Wisconsin– Madison.
Avim Koravol, currently Vice President – Financial Planning Excellence and Strategy, will become Chief Audit Officer leading the company’s internal audit function, which reports to Schultz. He will also continue executive oversight of sustained action for the company’s race equality initiatives, including budget and program performance. Kolawole, which he joined in 2003, has held leadership roles in digital innovation, claims and securities law. Got his JD from Kolawole. Suffolk University law school boston.
Stephanie Lyons, currently Vice President and Chief Audit Officer, will become Vice President of Investment Risk and Operations, leading the team responsible for managing the firm’s investment risk, liquidity and cash movements, along with investment and operational reporting to Schultz. . She joined the firm in 2008 and has held leadership roles in corporate strategy and law. Lyons holds a Bachelor of Business Administration degree in Political Science, International Relations and French, and a Juris Doctor degree. University of Wisconsin-Madison.
Deb Schultz, Current Vice President – New Business will be the new Chief Risk Officer reporting to Jones. Schultz will rejoin the company’s financial leadership team, having previously led the company’s financial management department, responsible for treasury, budget and expense management, procurement and procurement, and insurance risk. Schultz joined Northwestern Mutual as his senior actuary in 2005 and has held several leadership roles at the company. She holds a Bachelor of Business Administration degree in Mathematical Science and Risk Management and Insurance. University of Wisconsin-Madison and her MBA Northwestern University.
Matt Sullivan, currently Vice President – Planning Experience Preparation and Recruitment, will assume the role of Vice President – Controller responsible for financial accounting, reporting, planning and analysis, budgeting, and expense management reporting to Jones. Sullivan joined the company in 2011 and has held leadership positions in both finance and investment accounting. He holds both a Bachelor of Business Administration in Accounting and a Master of Science in Accounting from college. University of Wisconsin-Madison.
“These additional changes will help us reorganize roles and responsibilities, grow and expand our leadership in new ways, and foster a continued focus on diverse leadership,” added Schlifske. .
All leadership changes are valid January 1, 2023 unless otherwise stated.
About Northwestern Mutual
For over 165 years, Northwestern Mutual has helped people and businesses achieve financial stability. Through a holistic planning approach, Northwestern Mutual combines the expertise of financial experts with personalized digital experiences and industry-leading products to help customers plan for what matters most.Above $560 billion When company and customer assets are combined, $34 billion earnings, and $2.1 trillion Northwestern Mutual provides life insurance, disability income, long-term care insurance, annuities, brokerage and advisory services, and provides financial protection to approximately five million people. Northwestern Mutual Ranked 97th in 2022 FORTUNE 500 and Recognized by FORTUNE® Named one of the “World’s Most Admired” life insurance companies for 2022.
Northwestern Mutual is the marketing name for Northwestern Mutual Life Insurance Company (NM). Milwaukee, Wisconsin (life insurance, disability insurance, annuities, life insurance with nursing care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealers, registered investment advisors, members FINRA and SIPC.Northwestern Mutual Wealth Management Company® (NMWMC) (Investment Advice and Services), Federal Savings Bank. Northwestern Long Term Care Insurance Company (NLTC). Not all Northwestern Mutual representatives are advisors. Only a Representative whose title includes “Advisor” or who discloses her NMWMC advisory status is qualified as her NMWMC Representative to provide Investment Advisory Services.
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