In his new role as CFO, Berlute will report to Securian Financial chairman, president and CEO Chris Hilger. Credit: Mameraman/Shutterstock.

US-based Securian Financial has named Pete Berlute as its new chief financial officer (CFO) from 1 June 2025.  

Berlute will succeed Warren Zaccaro, who retires on 1 July 2025 after a two-decade tenure with the company. 

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In the new role, Berlute will report to Securian Financial chairman, president and CEO Chris Hilger. 

As the incoming CFO, Berlute will oversee the financial strategies of the company, the setting up of fiscal controls, the preparation of financial reports and the safeguarding of assets. 

Hilger said: “Pete’s extensive financial, operational and business unit leadership experience makes him exceptionally qualified to step into this critical role.  

“I am confident in his ability to build on Warren’s legacy and help drive Securian’s continued success.” 

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Berlute joined Securian in 2006 and held multiple leadership positions.  

He previously served as senior vice-president and head of Enterprise Technology, as well as CFO of the company’s former retail wealth business. 

He was promoted to second vice-president in 2012, vice-president in 2017 and senior vice-president in 2022. 

His recent position as senior vice-president of Affinity Solutions included leading the division, which surpassed $1bn in total revenue for the first time in 2023.  

Affinity Solutions offers insurance and protection products to financial institutions and member associations across the US and Canada. 

Succeeding Berlute, Dave Seidel has been promoted to senior vice-president of US business at Affinity Solutions.  

Berlute will continue to offer executive oversight for the Canada business of Securian. 

Hilger added: “Dave has been a key player in the maturation and growth of Affinity Solutions over the past many years. I am thrilled to expand his leadership role as a new member of our executive leadership team.”  

In November 2024, Securian Canada appointed Martin Fortier as its new CFO.