Allianz Life Insurance Company of North America (Allianz Life) has appointed Walter White as the new president and CEO, effective 01 January 2012, subject to approval by the board of directors of the company.

White will succeed Gary Bhojwani, who will continue to reside in Minneapolis, becoming Chairman of Allianz Life and assuming responsibility for the US insurance operations of Allianz on the board of management of Allianz SE, Munich.

White joined Allianz Life in 2009 as chief administrative officer responsible for compliance, information technology, operations, and suitability.

Prior to joining Allianz Life in 2009, White was president of Woodbury Financial Services (Hartford Life’s independent broker/dealer).

White was also president of MONY Brokerage, the MONY Group’s life insurance brokerage subsidiary.

Allianz Life, part of Allianz SE, helps Americans achieve their retirement income goals with a variety of annuities and life insurance products.