Unum promoting CFO to top job
Reprints
Chattanooga, Tennessee-based benefits insurer Unum Group is promoting Chief Financial Officer Richard McKenney to CEO, effective in May.
Mr. McKenney succeeds Thomas Watjen, who will retire at the firm’s 2015 annual meeting after 12 years as CEO, Unum said Tuesday in a statement. He will remain a director on the company’s board through 2017.
Meanwhile, Unum said Mr. McKenney will become president and a member of the board of directors on April 1. He will then become CEO at the annual meeting in May.
Unum also said Jack McGarry, president and CEO of the company’s closed-block operations, will succeed Mr. McKenney as the chief financial officer on April 1.
“Unum is well-positioned to capitalize on positive trends in our markets, including strong sales momentum, accelerating premium growth and solid operating margins across the company,” Mr. McKenney said in the statement.
Read Next
-
Unum reports 10.9% profit increase for 2nd quarter
Chattanooga, Tenn.-based Unum Group is reporting a second quarter net income of $242.5 million, up 10.9% from $218.6 million in the same period last year, the insurer said in its earnings statement Wednesday.
