Allstate Chairman Edward M. Liddy will retire at the end of April and will be replaced by President and Chief Executive Officer Thomas J. Wilson, the company said.
Mr. Liddy has been with Allstate since 1994 and played a key role in the company's initial public offering and spin-off from Sears, Roebuck and Co. in 1995. Mr. Liddy was Allstate's president and chief operating officer from 1994-1998, chairman and chief executive officer from 1999-2006, and chairman since January 2007.
When he takes over as chairman, the company said Mr. Wilson will continue in his roles as president and chief executive officer.
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