Northwestern Mutual Names Its Next CEO

January 29, 2024 by Allison Bell

The Northwestern Mutual board has picked Tim Gerend to succeed John Schlifske as the company’s next chairman and chief executive officer.

Schlifske, 64, is about to reach the Milwaukee-based company’s mandatory retirement age. He plans to give up the CEO post Dec. 31 and step down from his position as chairman of the board in January 2025.

Gerend, 52, the company’s executive vice president and chief distribution officer, is on track to become president, take up the CEO title Jan. 1, 2025, and become chairman later in January 2025.

The company: Northwestern Mutual is a policyholder-owned mutual insurer that was founded in 1857.

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Originally Posted at Think Advisor on January 25, 2024 by Allison Bell.