US-based insurance and financial services provider Nationwide has announced the appointment of Kirt Walker as Chief Executive Officer, effective October 1.
He succeeds outgoing CEO Steve Rasmussen, who earlier this year announced his retirement.
Walker, who since 2009 has served as the President and Chief Operating Officer of Nationwide’s financial services business lines, will report to Rasmussen and Corcoran to facilitate a smooth transition and on-boarding.
He served 23 years in the property and casualty business, including roles as President and COO 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.”
Commenting on his appointment, 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.”
“I’ve watched as Kirt has dedicated himself to this company for the last 33 years,” Rasmussen added.
“As I reflect on our time working together, he has been an outstanding student of our business and he believes in Nationwide, our culture and our people. Kirt spent 23 years of his career excelling in our property & casualty business, and then seamlessly shifted to lead financial services for 10 years – generating record growth and profits year after year.
“He knows our business better than anyone and that gives me great confidence in where Nationwide goes from here.”