Jackson Announces Future Retirement of Chief Financial Officer
22 2월 2024 - 6:16AM
Business Wire
Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) announced today
that after more than 32 years of dedicated and outstanding service,
Executive Vice President and Chief Financial Officer Marcia Wadsten
intends to retire from Jackson on June 3, 2024. It is expected that
Don Cummings, the Company’s current Senior Vice President, Chief
Accounting Officer and Controller will be appointed Chief Financial
Officer as of June 3, 2024. He will succeed Wadsten, who is also
expected to continue as an advisor to the Company for a period of
time to support transition efforts.
“Marcia was instrumental in our transition to an independent
public company, building our relationships with ratings agencies,
analysts and institutional shareholders and most recently with the
establishment of Brooke Life Reinsurance Company. Her positive
contributions to Jackson are innumerable and her steadfast
commitment to being a steward of the company's capital will be felt
for years to come,” stated Laura Prieskorn, President and Chief
Executive Officer of Jackson. “I am pleased that our approach to
cultivating talent and succession planning allows for a smooth
transition of responsibilities. Don has been a valuable member of
our executive management team since he joined Jackson. We are
confident in his ability to build on our strong track record of
financial strength and performance and look forward to the
leadership he will provide in this new role.”
Cummings has nearly 40 years of experience in the financial
services industry. Prior to joining Jackson in 2020, Cummings
served as interim Chief Financial Officer at Fortitude Reinsurance
Company Ltd. since 2019 and previously held various finance roles
at American International Group, Inc., including Global Corporate
Controller. He earned a Bachelor of Business Administration in
Accounting from Morehead State University and is a Certified Public
Accountant.
ABOUT JACKSON
Jackson® (NYSE: JXN) is committed to helping clarify the
complexity of retirement planning—for financial professionals and
their clients. Through our range of annuity products, financial
know-how, history of award-winning service* and streamlined
experiences, we strive to reduce the confusion that complicates
retirement planning. We take a balanced, long-term approach to
responsibly serving all our stakeholders, including customers,
shareholders, distribution partners, employees, regulators and
community partners. We believe by providing clarity for all today,
we can help drive better outcomes for tomorrow. For more
information, visit www.jackson.com.
Visit investors.jackson.com to view information regarding
Jackson Financial Inc. We use this website as a primary channel for
disclosing key information to our investors, some of which may
contain material previously non-public information.
*SQM (Service Quality Measurement Group) Contact Center Awards
Program for 2004 and 2006-2022, for the financial services industry
(To achieve world-class certification, 80% or more of call-center
customers surveyed must have rated their experience as very
satisfied, the highest rating possible).
Jackson® is the marketing name for Jackson Financial Inc.,
Jackson National Life Insurance Company® (Home Office: Lansing,
Michigan) and Jackson National Life Insurance Company of New York®
(Home Office: Purchase, New York).
SAFE HARBOR STATEMENT
The information in this press release contains forward-looking
statements about future events and circumstances and their effects
upon revenues, expenses and business opportunities. Generally
speaking, any statement in this release not based upon historical
fact is a forward-looking statement. Forward-looking statements can
also be identified by the use of forward-looking or conditional
words, such as “could,” “should,” “can,” “continue,” “estimate,”
“forecast,” “intend,” “look,” “may,” “will,” “expect,” “believe,”
“anticipate,” “plan,” “remain,” “confident” and “commit” or similar
expressions. In particular, statements regarding plans, strategies,
prospects, targets and expectations regarding the business and
industry are forward-looking statements. They reflect expectations,
are not guarantees of performance and speak only as of the dates
the statements are made. We caution investors that these
forward-looking statements are subject to known and unknown risks
and uncertainties that may cause actual results to differ
materially from those projected, expressed or implied. Factors that
could cause actual results to differ materially from those in the
forward-looking statements include those reflected in Part I, Item
1A. Risk Factors and Part II, Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations in our
Annual Report on Form 10-K for the year ended December 31, 2022, as
filed with the SEC on March 1, 2023, (the "2022 Annual Report"), as
Part II, Item 7 was recast to reflect the adoption of the Long
Duration Targeted Improvements accounting principle in our Current
Report on Form 8-K filed May 10, 2023, and elsewhere in Jackson
Financial Inc.’s filings with the U.S. Securities and Exchange
Commission. Except as required by law, Jackson Financial Inc. does
not undertake to update such forward-looking statements. You should
not rely unduly on forward-looking statements.
1 Jackson Financial Inc. is a U.S. holding company and the
direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned
direct and indirect subsidiaries of JHLLC include Jackson National
Life Insurance Company, Brooke Life Insurance Company, PPM America,
Inc. and Jackson National Asset Management, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240221948409/en/
Media Contact: Patrick Rich patrick.rich@jackson.com
Investor Relations Contact: Andrew Campbell
andrew.campbell@jackson.com
Jackson Financial (NYSE:JXN)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Jackson Financial (NYSE:JXN)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024