Lincoln Financial Team appointed Ellen G. Cooper president and CEO and a member of Lincoln Nationwide Corporation’s board of directors. Cooper was named CEO-elect in August 2021 just after 10 decades as an executive with the company, serving most a short while ago as government vice president, chief expenditure officer, head of business possibility and the annuity solutions team and a member of the Lincoln Fiscal Basis board. Cooper will be the 1st female to provide as president and CEO of the business. She is succeeding Dennis R. Glass, who was the company’s ninth president and CEO, serving in individuals roles for 15 a long time. Glass now serves as chairman of the board.
“I am excited to guide this remarkable firm, which has a extensive and thriving track document of delivering sturdy outcomes to shareholders even though offering considerable price to the customers who depend on us every single day,” Cooper explained. “Harnessing the ability of our exceptional solution manufacturing and distribution abilities, blended with our strong lifestyle centered on longstanding associations and highly talented people today, we will continue on to provide trusted options for hundreds of thousands of People trying to find economic protection and defense for by themselves and the people today they care about most.”
All through Cooper’s tenure at Lincoln, she has been instrumental in acquiring and executing on the company’s basic and separate account financial investment system, overseeing more than $300 billion in property and taking care of the company’s hedge system. Immediately after becoming a member of as chief expenditure officer in 2012, her leadership part was expanded to consist of duty for Lincoln’s business threat management perform and for the company’s annuity alternatives small business.
“Ellen and I have served side by aspect for the previous 10 several years, and she is one of the most strategic and capable executives I have had the privilege of understanding,” Glass stated. “She has an fantastic depth of experience and enthusiasm for Lincoln, its mission and its folks, along with a focus on the long term and offering ongoing value to our shareholders. I’m excited to see all that Lincoln will achieve below Ellen’s management, and I look ahead to functioning with her in my new ability as chairman of the board.”
“I’m delighted to formally welcome Ellen to her new part as Lincoln’s CEO,” William Cunningham, previous chairman and recent guide independent director of Lincoln’s board, explained. “Ellen has played a important role over the final 10 several years creating and executing on Lincoln’s productive approach, and I am confident she will go on to steward the company’s particular culture even though encouraging the kind of innovation that will let Lincoln to increase and thrive for a long time to arrive.”