Long-serving Nationwide CFO to retire; successor revealed

US-based insurance and financial services provider  Nationwide has appointed a new chief financial officer (CFO) following the departure of a long-serving senior executive who helped establish and broaden Nationwide's financial services footprint.

The company's CFO Mark Thresher, who also leads its investment operations and oversees realty investors, has announced his plans to retire in September following 25-years of service.

Thresher started his Nationwide career in 1996 following nearly 20 years at KPMG. He helped establish and broaden Nationwide's financial services footprint, helping to take Nationwide Financial public in 1997 as its vice president of finance and treasurer. He became president of NF in 2004.

He will be succeeded by Tim Frommeyer as Nationwide's chief financial officer. Frommeyer began his career with Nationwide in 1986 as an actuarial student and advanced through positions of increasing responsibility, including chief actuary for financial services, chief financial officer for that organization, and most recently as chief financial officer for both financial services and property & casualty under Thresher.

Nationwide CEO Kirt Walker said: "Mark leaves an incredible legacy of strategic and people-centered leadership at Nationwide. His focus on growth and profitability, along with being a champion for professional development, diversity and inclusion, and community service, has impacted associates and community members alike throughout his 40-plus years in the industry."

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.