Securian Financial Group, Inc., on Tuesday announced the appointment of Christopher M. Hilger as president-a move that will take effect January 1.
Hilger, who is now the St. Paul-based financial services company's executive vice president, will be the 16th president in Securian's 131-year history; he succeeds President and Vice Chairman Randy F. Wallake, who will retire June 30, 2012.
Hilger, 47, will report to Chairman and CEO Robert L. Senkler. He'll oversee all of Securian's insurance businesses, as well as its information services technology division. Additionally, Hilger will serve as CEO of Allied Solutions, Inc., an Indianapolis-based Securian subsidiary that distributes insurance products and services to financial institutions.
"Chris grew up in the insurance industry and has a proven record of success as an entrepreneur and business leader who has played a key role in the development of Securian's current growth strategies," Senkler said in a statement. "Preparing internal candidates for greater responsibility is a cornerstone of our culture. With Randy approaching retirement age, he and I have been working together for the past few years to make this a successful leadership transition."
Hilger joined Securian in 2004 when Securian bought Allied Solutions. He became senior vice president of Securian's financial institutions group in 2007 and in 2010 was promoted to executive vice president, a role that involved taking on the additional responsibility of managing the company's group insurance business. Hilger has been in the insurance industry for 25 years.
Meanwhile, Wallake, 63, joined Securian in 1987 as vice president of pension sales. He continued to take on additional responsibilities and new roles before becoming president and vice chairman.
Securian Financial Group and its affiliates offer insurance, investments, and retirement plans to individuals and businesses. It is the holding company for a group of financial services businesses, including Minnesota Life Insurance Company, Advantus Capital Management, Securian Financial Services, Inc., and several others. Securian is among Minnesota's six largest private companies based on revenue, which exceeds $3 billion annually.