Nationwide Mutual CFO Robert Oakley to Retire

Nationwide Mutual Insurance Company announced the retirement of Robert A. Oakley, Executive VP and CFO, effective January 31, 2003. He will also retire from the same position at the company’s publicly traded subsidiary, Nationwide Financial Services, Inc.

The company also announced that Robert A. Rosholt had been elected Executive VP for Finance and Investments. He joins Nationwide from Chicago-based Aon, where he’s currently Executive VP and Chief of Operations of the broker’s risk services unit.

Oakley has served as CFO since 1993, and led Nationwide into the capital markets, “beginning with the issuance of surplus and contingent notes in the mid-1990s, followed by the successful IPO of Nationwide Financial Services,” the bulletin indicated.

“During his nearly 27-year career with Nationwide, Bob Oakley has provided outstanding, highly ethical financial leadership for our organization, ” stated Nationwide CEO W.G. Jurgensen. “In addition to building a very disciplined and highly respected finance office, Bob was instrumental in shaping Nationwide into the strong, diversified financial services company that it is today. We wish Bob an enjoyable retirement.”