TruStage announces CEO’s retirement, planned successor
TruStage has announced the Oct. 1 retirement plans of President and Chief Executive Officer Robert N. Trunzo. The Board of Directors has unanimously appointed Allstate’s former President of Protection Products & Services Group, Terrance Williams, to succeed Trunzo as president and chief executive officer of TruStage.
As part of the company’s succession plan, Williams will join TruStage as president and CEO-elect on June 26, reporting directly to Trunzo until his retirement, at which point Williams will officially succeed him.
Throughout his career, Williams has demonstrated an extensive record of success and leadership capabilities. In his former roles at Allstate, Williams was responsible for non-property-liability businesses and driving innovation in the company’s agency distribution channels.
Williams was also recognized by Forbes as one of “The World’s Most Influential CMOs” in 2017 and 2018 and Savoy Magazine as one of the most influential black corporate directors in 2021.
Trunzo’s tenure at TruStage has spanned almost two decades. Since Trunzo became president and CEO in 2014, the company’s annual revenue has grown by more than $2 billion to $5.2 billion in 2022, and more than doubled its assets under management to $32 billion.
Trunzo has overseen growth in consumers protected to more than 37 million and recently completed a historic effort to unify the company under a single brand, TruStage.