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Randy F. Wallake, 64, vice chairman of Securian Financial Group, is retiring effective July 1 after 25 years with the company. In 2005, he was named vice chairman and in 2007, he was named president of Securian Financial Group. “Much of the success we enjoy today is due to Randy’ s vision and leadership in shaping Securian’ s future,” said Robert L. Senkler, chairman and CEO,...
ST. PAUL, Minn.--(BUSINESS WIRE)--
Randy F. Wallake, 64, vice chairman of Securian Financial Group, is
retiring effective July 1 after 25 years with the company.
joined Securian, then Minnesota Mutual Life Insurance Company, in 1987
with 16 years of sales and leadership experience in the financial
services industry. He was hired as vice president of pension sales and
subsequently assumed responsibility for the company’s retirement
business. In 2001, he was promoted to executive vice president, adding
responsibility for the company’s individual insurance business and, two
years later, its broker-dealer and trust operations. In 2005, he was
named vice chairman and in 2007, he was named president of Securian
Financial Group. As Securian’s fifteenth president, Wallake directed all
of the company’s insurance businesses and its information technology
division. He was succeeded as president January 1, 2012 by Christopher
“Much of the success we enjoy today is due to Randy’s vision and
leadership in shaping Securian’s future,” said Robert L. Senkler,
chairman and CEO, Securian Financial Group. “He led the way in
developing and executing key growth strategies, including diversifying
and modernizing our distribution systems. Randy leaves a legacy of
strong, ethical leadership whose impact on this company will be felt for
Wallake, currently a resident of Stillwater, MN, is a native of Toledo,
OH. He received his undergraduate degree from Ohio University, Athens,
OH and an MBA from Bowling Green State University, Bowling Green, OH.
Throughout his career, Wallake has been active in industry and community
organizations including the American Council of Life Insurers Executive
Roundtable, General Agent and Managers Association Executive Management
Cabinet and the boards of L.L. Global, Inc. and the American College. In
the Twin Cities, he is a past chairman and a member of the board of
North Central Blood Services, a unit of the American Red Cross.
As for his retirement plans, Wallake says, “I’m going to take a year off
and figure it out. I have many hobbies and much I yet want to learn.
Then we’ll see.”
Since 1880, Securian
Financial Group and its affiliates have provided financial security
for individuals and businesses in the form of insurance, investments and
retirement plans. Now one of the nation’s largest financial services
providers, it is the holding company parent of a group of companies that
Life Insurance Company, Securian
Life Insurance Company, a New York admitted insurer, and Advantus
DOFU – 06-2012A02220-0612
Securian Financial GroupMaggie Jensen, APR, Media Relations
Source: Securian Financial Group