Allianz Life taps CEO, CFO after top executive retires. (Executives).Allianz Allianz SE[1], (ISIN: DE0008404005; IPA pronunciation: [alli-anz], and formerly AG) is a large financial service provider headquartered in Munich, Germany. Life Insurance Company of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. has promoted Mark A. Zesbaugh to chief executive officer. Zesbaugh, 37, succeeds Robert W. MacDonald, 59, who is retiring after 37 years in the insurance business. MacDonald was named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Allianz Life in October 1999 when Allianz Life merged with Life USA Holding Inc., the company MacDonald founded in 1987. He was named chairman of the Allianz Life board in December 2001 and will continue in that capacity. Zesbaugh has been senior vice president and chief financial officer of Allianz Life since the merger of Allianz Life and Life USA Holding Inc. nearly three years ago. In addition, he was elected to the Allianz board in December 2001. He previously served four years as senior vice president and CFO See Chief Financial Officer. of Life USA Holding Inc. Gabrielle M. Matzdorif has been elevated to senior vice president and chief financial officer to fill the vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled. 2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate. left by Zesbaugh. Matzdorff joined Allianz Life's internal audit department in 1990 and steadily progressed to higher levels of responsibility within the financial reporting and accounting areas, including managing the corporate accounting department and directing merger-and-acquisition activities. She was named vice president and corporate controller in 1999 with responsibility for managing the company's financial reporting, accounting operations and financial systems support functions. |
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