Lincoln Financial Group’s Dick Mucci to Retire as President of Group Business; Eric Reisenwitz to Serve as Interim President
RADNOR, Pa.--(BUSINESS WIRE)--Dec 2, 2019--
Lincoln Financial Group (NYSE: LNC) announced today that Dick Mucci will retire from his position as president, Group Protection effective December 31, 2019 and has named Eric Reisenwitz as the next president of the business on an interim basis. Mucci joined Lincoln in 2014 and has overseen a period of improvement in profitability, along with significant growth and expansion for the business. In his new role, Reisenwitz will be responsible for the continued growth and profitability of the business and oversee the division’s product development, underwriting, distribution, claims, service, strategy and marketing efforts. He will report directly to Dennis R. Glass, president and CEO.
“On behalf of the Board of Directors and all Lincoln Financial employees, I would like to thank Dick for his service to Lincoln and our industry,” said Glass. “Dick’s contributions to Lincoln during his tenure have been tremendous – he has not only built an industry-leading business, but also a strong leadership team, leaving Lincoln in a great competitive position.”
Reisenwitz is a seasoned executive in the group insurance and employee benefits arena, with more than 30 years of extensive domestic and international experience. He most recently served as senior vice president and Chief Operating Officer for Lincoln’s group business, responsible for the business’s distribution, claims and operations functions. He joined Lincoln in 2012 and has served in a variety of senior leadership roles in the group business. Prior to Lincoln, he held leadership positions with other insurance companies, including MetLife, Aetna and Cigna.
“Appointing Eric to this interim role will provide continuity of leadership, while providing a window of time to thoroughly assess all the elements associated with a significant leadership transition,” said Glass. “Lincoln has always been thoughtful and deliberate about succession decisions. Eric’s appointment will enable us to make a fully informed determination about future leadership.”
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower people to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $261 billion in assets under management as of September 30, 2019. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, Lincoln was recognized by Forbes as one of the Best Large Employers, Best Employers for Diversity, and Best Employers for Women. Lincoln also earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com/.
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CONTACT: Scott Sloat
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE HUMAN RESOURCES FINANCE CONSULTING BANKING
SOURCE: Lincoln Financial Group
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PUB: 12/02/2019 04:15 PM/DISC: 12/02/2019 04:15 PM