Allianz Life of North America has promoted Marc Olson as the new vice president of Finance and Niki Scanlon as the new vice president, Controller, within its finance department.

Olson, who most recently served as vice president, Controller, will succeed Bill Gaumond, who recently accepted an international role with parent company Allianz in Munich, Germany.

As the vice president of Finance, Olson will partner with Allianz Life’s business units to set and achieve business and financial goals. He will also manage corporate planning, strategy and financial activities.

Prior to his previous role as Corporate Controller, Olson was assistant vice president of Financial Planning and Analysis (FPA), responsible for corporate finance and planning. He joined Allianz Life in February 2004.

In the new role, Scanlon will be responsible for leading corporate accounting in providing consistent, accurate and timely financial information that is in compliance with Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles, and Allianz reporting requirements.

Most recently, Scanlon served as director of Financial Reporting for Allianz Life. Scanlon joined Allianz Life in 1998 as an auditor with the Internal Audit department.

Allianz Life chief financial officer Giulio Terzariol said it’s important that Allianz continue to maintain financial excellence through good business decisions that support consistency in financial results and accurate reporting, and we’re confident Marc and Niki’s leadership will help the company achieve these goals.