David (Dave) L. Giertz has been named head of Nationwide's bank distribution channel, while Michael Reidy takes over as head of the wirehouse channel. Both Giertz and Reidy were promoted from vice president positions.

While Giertz remains in bank distribution, Reidy moves from the independent dealer channel to the wirehouse channel.

The divisions handle the sales of retirement products, including 401(k) plans, to intermediaries.

Giertz takes the reigns from Matt Riebel, who now heads Nationwide's public retirement plans division. Reidy takes the place of Peter Golato, now in charge of Nationwide's Individual Protection group. Riebel's move was announced in late June, while Golato's appointment was announced with news of a larger corporate overhaul in early May. Public retirement head Matt Riebel in turn reports to Duane Meek, who was appointed head of public and private sector retirement plans in May.

At that time, Mark Thresher, Nationwide's chief operating officer, announced plans to reorganize the company along business lines, into Retirement Plans, In-Retirement, Individual Investments and Individual Protection.

A company spokeswoman was not able to comment on replacements for Giertz and Reidy before deadline, but did say that the company is still "in the assessment phase right now," with further changes possibly forthcoming. 

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