Northwestern Mutual has appointed Souheil Badran chief innovation officer and executive vice president.
Badran will replace Alexa von Tobel, who is leaving the company to launch a startup venture.
Badran will be responsible for identifying opportunities in innovation communities and overseeing the company's venture capital funds. He most recently was president of Americas for Alibaba Group Holding Ltd.'s Alipay Ant Financial.
Northwestern Mutual also promoted to executive vice president Tim Gerend, head of career distribution; Aditi Gokhale, chief marketing and communications officer; Beth Rodenhuis, chief transformation officer; Emilia Sherifova, chief technology officer; and Don Robertson, chief human resources officer.
Northwestern Mutual is the marketing name for Northwestern Mutual Life Insurance Co. and its subsidiaries.