Allstate said today it has selected Don Civgin, 47, the chief financial officer at OfficeMax, to serve in that position at the insurer.
Mr. Civgin, who is executive vice president at office supply provider OfficeMax, will also hold the title senior vice president at Allstate.
He replaces Sam Pilch, Allstate’s group vice president and controller, who was serving as CFO in an acting capacity.
The Northbrook, Ill.-based carrier said Mr. Civgin will be responsible for aligning Allstate’s finance and capital structures to the $24 billion corporation’s business strategies.
In addition, he will serve as a member of the corporation’s senior management team and will be a key representative to investors and Wall Street, Allstate said.
The new CFO will report to Thomas J. Wilson, Allstate’s chairman, president and chief executive officer, and will join Allstate effective Sept. 8.
Mr. Civgin, Allstate said, was previously CFO of General Binding Corporation during a successful turnaround and was senior vice president of finance and senior vice president of merchandise operations at Montgomery Ward.
Mr. Civgin called Allstate “a prime example of how financial strength and a passion for innovation can be combined for the good of the consumer,” and said he looked forward “to helping the organization advance that strategy.”
Wilson said in a statement that the company was able to “smoothly and seamlessly manage” the transition from Mr. Pilch as CFO, which “speaks to the strength of our finance organization and the depth of our management team.”