Securian Financial Group Names New President

Hilger succeeds Randy F. Wallake, vice chairman and president, who is retiring June 30, 2012. Hilger will be the 16^th president in Securian’s 131-year history.

As president, Hilger will report to Robert L. Senkler, Securian’s chairman and CEO. Hilger will have accountability for all of Securian’s insurance businesses and its Information Services technology division. Hilger also serves as CEO of Allied Solutions, LLC a Securian subsidiary headquartered in Indianapolis, Indianna, that distributes insurance products and services to financial institutions.

A 25-year veteran of the insurance industry, Hilger joined Securian in 2004 when the company purchased Allied Solutions. In 2007, he was named senior vice president of Securian’s Financial Institution Group and in 2010 was promoted to executive vice president with the added accountability for the company’s Group Insurance business. In the St. Paul community, Hilger serves on the board of Minnesota Philanthropy Partners.

Wallake, also an insurance industry veteran, joined Securian in 1987 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. As president and vice chairman, he directed all of the company’s insurance businesses. Active in the industry, Wallake currently serves on the American Council of Life Insurers Executive Roundtable 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.