Carmel-based CNO Financial Group Inc. has named Steven Shebik to its board of directors. Also, Chet Ragavan has been nominated to stand for election as a director at the company’s annual meeting in May. 

Shebik previously served as vice chair of The Allstate Corporation and Allstate Insurance Company and former chief executive officer of Allstate Life Insurance, positions he held from 2018 until his retirement in 2020. Prior to joining Allstate in 1995, he held roles in finance and accounting with Sears and Arthur Andersen. Shebik received bachelor’s degrees in accounting and finance from the University of Illinois at Urbana-Champaign and a Master of Business Administration from the University of Chicago.

Ragavan is the former executive vice president and chief risk officer of Voya Financial, a position he held from 2014 until his retirement in 2019. From 2008 to 2013, he served as managing director and chief risk officer for the company. Prior to that, Ragavan was managing director and co-head of the portfolio analytics group for BlackRock. He began his career at Merrill Lynch in 1980 and held several senior leadership roles during his 26-year career with the company. He received a bachelor’s degree in business administration from Madurai University, a Master of Business Administration from Madras University and a master’s degree in computer science from the New Jersey Institute of Technology.

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