Lincoln Financial Group Names Cooper President and CEO
Lincoln Financial Group appointed Ellen G. Cooper president and CEO and a member of Lincoln Nationwide Corporation’s board of administrators. Cooper was named CEO-elect in August 2021 after 10 many years as an government with the company, serving most a short while ago as executive vice president, chief financial commitment officer, head of enterprise hazard and the annuity answers team and a member of the Lincoln Financial Foundation board. Cooper will be the very first female to serve as president and CEO of the firm. She is succeeding Dennis R. Glass, who was the company’s ninth president and CEO, serving in individuals roles for 15 several years. Glass now serves as chairman of the board.
“I am thrilled to direct this incredible organization, which has a very long and profitable observe document of providing powerful success to shareholders though delivering major benefit to the buyers who depend on us each individual working day,” Cooper reported. “Harnessing the energy of our outstanding item producing and distribution capabilities, blended with our solid culture centered on longstanding interactions and hugely proficient folks, we will go on to provide trusted options for millions of Americans searching for economic stability and defense for themselves and the persons they care about most.”
During Cooper’s tenure at Lincoln, she has been instrumental in creating and executing on the company’s standard and separate account financial commitment technique, overseeing a lot more than $300 billion in property and taking care of the company’s hedge plan. Soon after joining as chief financial commitment officer in 2012, her leadership purpose was expanded to include obligation for Lincoln’s enterprise chance management operate and for the company’s annuity remedies company.
“Ellen and I have served side by aspect for the previous 10 many years, and she is a person of the most strategic and able executives I have had the privilege of knowing,” Glass stated. “She has an fantastic depth of abilities and passion for Lincoln, its mission and its individuals, along with a concentration on the long term and offering ongoing price to our shareholders. I’m fired up to see all that Lincoln will complete beneath Ellen’s leadership, and I search forward to functioning with her in my new potential as chairman of the board.”
“I’m delighted to officially welcome Ellen to her new position as Lincoln’s CEO,” William Cunningham, previous chairman and current direct impartial director of Lincoln’s board, stated. “Ellen has performed a considerable part in excess of the previous 10 years developing and executing on Lincoln’s profitable method, and I am self-confident she will continue to steward the company’s particular society whilst encouraging the sort of innovation that will allow for Lincoln to develop and prosper for decades to arrive.”