Nationwide CEO Steve Rasmussen announced Thursday that he plans to retire on Oct. 1, ending a 45-year career in insurance.
Rasmussen joined Nationwide in 1998 as a result of the merger with Allied Insurance. He became CEO 10 years ago.
The company said it has launched a search for a successor.
Under Rasmussen’s leadership, Nationwide has grown into the nation’s largest insurance and financial services company with 30,000 employees and $47 billion in sales in 2018.