Securian vice chairman retires after 25 years

After 25 years of service, Randy F. Wallake, 64, vice chairman of Securian Financial Group, is retiring effective July 1.

Wallake joined Securian, then Minnesota Mutual Life Insurance Company, in 1987 with 16 years of sales and leadership experience in the financial services industry. He was hired 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. In 2005, he was named vice chairman and in 2007, he was named president of Securian Financial Group. As Securian’s fifteenth president, Wallake directed all of the company’s insurance businesses and its information technology division. He was succeeded as president Jan. 1, 2012, by Christopher M. Hilger.