US-based Securian Monetary has named Pete Berlute as its new chief monetary officer (CFO) from 1 June 2025.
Berlute will succeed Warren Zaccaro, who retires on 1 July 2025 after a two-decade tenure with the corporate.
Within the new position, Berlute will report back to Securian Monetary chairman, president and CEO Chris Hilger.
Because the incoming CFO, Berlute will oversee the monetary methods of the corporate, the establishing of fiscal controls, the preparation of economic reviews and the safeguarding of belongings.
Hilger mentioned: “Pete’s intensive monetary, operational and enterprise unit management expertise makes him exceptionally certified to step into this crucial position.
“I’m assured in his means to construct on Warren’s legacy and assist drive Securian’s continued success.”
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Berlute joined Securian in 2006 and held a number of management positions.
He beforehand served as senior vice-president and head of Enterprise Expertise, in addition to CFO of the corporate’s former retail wealth enterprise.
He was promoted to second vice-president in 2012, vice-president in 2017 and senior vice-president in 2022.
His latest place as senior vice-president of Affinity Options included main the division, which surpassed $1bn in whole income for the primary time in 2023.
Affinity Options presents insurance coverage and safety merchandise to monetary establishments and member associations throughout the US and Canada.
Succeeding Berlute, Dave Seidel has been promoted to senior vice-president of US enterprise at Affinity Options.
Berlute will proceed to supply govt oversight for the Canada enterprise of Securian.
Hilger added: “Dave has been a key participant within the maturation and progress of Affinity Options over the previous a few years. I’m thrilled to increase his management position as a brand new member of our govt management workforce.”
In November 2024, Securian Canada appointed Martin Fortier as its new CFO.