Steve Rasmussen, CEO of Nationwide, has been elected to the American Electric Power Co. Inc. (AEP) board of directors.
Rasmussen, 60, has been CEO of Nationwide since 2009. Prior to being elected CEO, he was president and chief operating officer (COO) of property and casualty operations for Nationwide from 2003 to 2009. He previously served as president and COO of Allied Insurance and held the same positions with CalFarm Insurance, an affiliated company.
Earlier, he served as Allied’s executive vice president for product management, vice president for underwriting and regional vice president for the Pacific Coast region. He joined Allied in 1974. Rasmussen earned a bachelor’s degree in business administration from the University of Iowa and holds the Chartered Property Casualty Underwriter designation.