Lincoln Financial Group Names James Reid Executive Vice President, Head of Workplace Solutions
14 Luglio 2022 - 9:00PM
Business Wire
Reid joins the company from Versant Health,
bringing 30+ years of industry experience Lincoln also names
internal leader Ralph Ferraro to head its Retirement business,
reporting to Reid
Lincoln Financial Group (NYSE: LNC) announced today that James
Reid will be joining the company in August as Executive Vice
President, Head of Workplace Solutions, to lead the organization’s
Group Benefits and Retirement Plan Services businesses. Reid will
report to President and CEO Ellen Cooper, and will be a member of
the company’s Senior Management Committee.
As the Head of Workplace Solutions, Reid will be responsible for
the strategy and executive leadership of these two core business
lines for Lincoln, which offer a variety of products and services
to employers and their employees — including financial protection
solutions such as life, disability and supplemental health
products, retirement savings solutions such as employer-sponsored
retirement plans, in-plan guaranteed income and stable value
solutions, and holistic financial wellness offerings. Continuing to
align these two employer-focused businesses under one leader will
enable Lincoln’s Workplace Solutions team to collaborate, leverage
best practices, and further build its robust portfolio of employee
benefit solutions.
Reid comes to Lincoln from Versant Health, a subsidiary of
MetLife, where he served as President and Chief Executive Officer.
Prior to leading Versant, he held several senior leadership roles
at MetLife for the past decade, most recently as Executive Vice
President and Head of Global Employee Benefits. He has been in the
industry for 30+ years and has broad and deep leadership experience
in worksite-focused businesses, across many functions including
product strategy and development, underwriting, distribution,
customer service, claims and operations.
“James is incredibly seasoned with deep industry knowledge – he
is an ideal leader to guide these businesses to foster growth and
innovation for our employer clients and their employees, as we
continue to build a superior and unique customer experience,” said
Cooper. “Continuing to align these two employer-focused businesses
will enable strong collaboration and will position us well to
further build our portfolio of group benefits and retirement
solutions and our robust suite of financial wellness
offerings.”
Additionally, Ralph Ferraro will be stepping into an expanded
role at Lincoln Financial as Senior Vice President and Head of
Retirement Plan Services, reporting to Reid. This new role enables
one leader to focus holistically, end-to-end, on the company’s
Retirement business. Ferraro joined Lincoln Financial in 2016 as
Head of Retirement Product Solutions, and in 2021, he took on a
combined leadership role in the Workplace Solutions organization
with additional leadership of the company’s Group Benefits Product
and Underwriting functions. Ferraro has more than 25 years of
industry experience, and prior to Lincoln Financial, he held
leadership positions at Voya Financial and CitiStreet.
“Ralph’s knowledge and experience in the retirement space is
unmatched, and he is a proven leader,” said Cooper. “I’m confident
that under Ralph’s leadership, our Retirement business will
continue to build upon our differentiating high-tech, high-touch
model and deliver innovative solutions and outstanding service
experiences to our employer clients and their employees.”
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help
people take charge of their financial lives with confidence and
optimism. Today, approximately 16 million customers trust our
retirement, insurance and wealth protection expertise to help
address their lifestyle, savings and income goals, and 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 $308 billion in end-of-period account values as of
March 31, 2022. Lincoln Financial Group is a committed corporate
citizen included on major sustainability indices including the Dow
Jones Sustainability Index North America and FTSE4Good and ranks
among Newsweek’s Most Responsible Companies. Dedicated to
diversity, equity and inclusion, we are included on transparency
benchmarking tools such as the Corporate Equality Index, the
Disability Equality Index and the Bloomberg Gender-Equality Index.
Committed to providing our employees with flexible work
arrangements, we were named to FlexJobs’ list of the Top 100
Companies to Watch for Remote Jobs in 2022. With a long and rich
legacy of acting ethically, telling the truth and speaking up for
what is right, Lincoln was recognized as one of Ethisphere’s 2022
World’s Most Ethical Companies®. 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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Media Contact: Kelly DeAngelis Kelly.DeAngelis@lfg.com
484-684-2394
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