Allstate CIO Judy Greffin is retiring at the end of the month, the insurance company announced Thursday.
Greffin was appointed CIO in 2008 after nearly two decades of investment experience with the company. She led a team of approximately 300 investment professionals that managed Allstate’s $78 billion portfolio.
“I would like to thank Judy for her significant contributions to Allstate during a 25-year career that spanned a wide variety of investment climates,” said Allstate chairman and CEO Thomas Wilson in a statement. “This includes the proactive approach we took during the 2009 financial market crisis and our recent shift to increase our performance-based investments.”
CFO Steve Shebik will serve in an expanded role as interim CIO while a search is conducted to replace Greffin.
Shebik previously served as CFO and senior vice president at Allstate Investments.
Related: APG Appoints Insurance Veteran as CEO; LV Hires Former Zurich Life Chief as CIO; Allianz Life Appoints New CIO