RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE:LNC) is happy to announce that Matthew Grove will be part of the corporate in July as Executive Vice President, Head of Individual Life & Annuities and Lincoln Financial Network. Grove can be a member of Lincoln’s Senior Management Committee and will report back to Ellen Cooper, Lincoln’s CEO-Elect, who will step into the CEO function after the corporate’s annual shareholder assembly this May.
In this newly created function, Grove can be answerable for govt management of these areas, aligned with Lincoln’s enterprise strategic path. For the Individual Life and Annuities companies, this consists of oversight of the continued design and manufacturing of Lincoln’s particular person merchandise, in-force administration optimization and making certain best-in-class service. Bringing these companies collectively offers alternative for Lincoln to additional leverage capabilities, share greatest practices and allow larger innovation.
Grove may also oversee Lincoln Financial Network, the corporate’s retail broker-dealer community of impartial monetary professionals, the place he can be answerable for rising Lincoln’s advisor channels and increasing its managed accounts enterprise. David Berkowitz, Senior Vice President and President of LFN, will report back to Grove.
“We are thrilled that Matt has determined to hitch Lincoln,” mentioned Cooper. “He brings broad and deep expertise in all elements of Life Insurance, Annuities and Wealth Management. His experience will add large worth to those areas of our enterprise and can be a profit to the corporate, our purchasers and our shareholders.”
Randy Freitag will proceed in his important function as Executive Vice President and Chief Financial Officer, reporting to Cooper, with an ongoing give attention to sustaining and constructing on Lincoln’s monetary power and managing key relationships with the funding neighborhood and score businesses.
Grove has 25 years of monetary providers expertise, together with main life insurance coverage, annuity and wealth administration companies, and overseeing capabilities together with operations, product administration, underwriting, distribution, advertising and expertise. He joins from Resolution Life USA, the place he was President and CEO. Prior to Resolution Life, Matt was with New York Life for 11 years, most just lately as Co-Chief Operating Officer and Executive Vice President, serving as a member of the corporate’s Executive Management Committee. Matt is a graduate of the University of Pennsylvania and obtained his Master of Business Administration from Columbia University.
About Lincoln Financial Group:
Lincoln Financial Group offers recommendation and options that assist individuals take cost of their monetary lives with confidence and optimism. Today, greater than 17 million clients belief our retirement, insurance coverage and wealth safety experience to assist tackle their life-style, financial savings and revenue objectives, and guard towards long-term care bills. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the advertising identify for Lincoln National Corporation (NYSE:LNC) and its associates. The firm had $324 billion in end-of-period account values as of December 31, 2021. Lincoln Financial Group is a dedicated company citizen included on main sustainability indices together with the Dow Jones Sustainability Index North America and FTSE4Good and ranks amongst Newsweek’s Most Responsible Companies. Dedicated to range, fairness and inclusion, we’re included on transparency benchmarking instruments such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to offering our workers with versatile work preparations, we had been named to FlexJobs’ record of the Top 100 Companies to Watch for Remote Jobs in 2022. Learn extra at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for e-mail alerts at http://newsroom.lfg.com.
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