Northwestern Mutual unveils C-suite changes in strategic realignment

investmentnews.com:

Change is afoot at Northwestern Mutual, with four members of its C-suite getting new titles with expanded mandates to match.

The changes, effective July 1, are reflective of a greater focus on helping clients plan, protect against risks, and grow their wealth through a trusted advisor and digital experience, said chairman and CEO John Schlifske.

“It also better positions us to execute the next phase of our company strategy as we continue to deliver a differentiated value proposition and provide unparalleled policyowner value,” Schlifske said in a statement Thursday.

To enhance its comprehensive planning approach, Northwestern Mutual is integrating its wealth management business with its distribution arm. As part of that, John Roberts, previously the chief distribution officer, will serve as chief field officer with added oversight of the company’s $300 billion wealth and investment management division.

Roberts will manage Northwestern Mutual Wealth Management Company, Northwestern Mutual Investment Services, and Mason Street Advisors, while continuing to lead the company’s exclusive distribution system and its 8,000 US financial advisors.

Meanwhile, Jeff Sippel, currently serving as chief information officer, will take on the role of chief strategy officer. Sippel will collaborate with the senior leadership team to define the company strategy, focusing on client, advisor, and planning experiences. He will also oversee marketing, innovation, venture funds, analytics, and strategic investments.

Christian Mitchell, the current chief customer and digital officer, will become chief digital and information officer. Mitchell will be responsible for the company’s technology and digital strategy, including oversight of AI