Board of Directors and Executive Officers

Board of Directors and Executive Officers

Board of Directors

Theodore H. Bunting Jr.
Theodore H. Bunting Jr.
Theodore H. Bunting Jr.

Director since 2013

Mr. Bunting served as the Group President, Utility Operations of Entergy Corporation, an integrated energy company engaged primarily in electric power production and retail distribution operations in Arkansas, Louisiana, Mississippi, and Texas, from June 2012 until his retirement in June 2017. From August 2007 to May 2012, he served as Senior Vice President and Chief Accounting Officer for Entergy and its subsidiaries. Prior to that, he held numerous executive positions within the Entergy organization, which he joined in 1983. He began his professional career in public accounting with Arthur Andersen & Co. in 1981 and is a certified public accountant. Mr. Bunting was a director of Imation Corp., a global data storage and information security company, from November 2012 until August 2014.

Mr. Bunting possesses extensive financial, accounting, and operational experience as a senior executive with a public company in a regulated industry. His leadership responsibilities have included financial reporting oversight, strategic and financial planning, customer service, operations support, and risk management. He also has experience as a director of another publicly traded company and qualifies as an “audit committee financial expert” under SEC regulations.

E. Michael Caulfield
E. Michael Caulfield
E. Michael Caulfield

Director since 2007

Mr. Caulfield served as President of Mercer Human Resource Consulting from September 2005 until his retirement in September 2006, prior to which he served as Chief Operating Officer from July 2005. He retired from Prudential Insurance Company as Executive Vice President in 2000, after having held a number of executive positions, including Executive Vice President of Financial Management, Chief Executive Officer of Prudential Investments, and President of both Prudential Preferred Financial Services and Prudential Property and Casualty Company. He previously served as a director of our company from August 2004 to July 2005.

Mr. Caulfield has senior leadership experience in finance, investments, and executive management in both the insurance and broader financial services industry. His operating background with large global businesses included responsibility for financial reporting oversight, risk management, and strategic planning. He also qualifies as an “audit committee financial expert” under SEC regulations.

Susan D. DeVore
Susan D. DeVore
Susan D. DeVore

Director since 2018

Ms. DeVore has served as President and Chief Executive Officer of Premier Inc., a leading health care improvement company, since its initial public offering in 2013. She served in the same capacity for Premier Healthcare Solutions, Inc. from 2009 to 2013 prior to its reorganization and also served as the Chief Operating Officer for a number of Premier entities from 2006 to 2009. Prior to joining Premier, Ms. DeVore had two decades of finance, strategy and healthcare consulting experience. She also qualifies as an audit committee financial expert under SEC regulations.

Joseph J. Echevarria
Joseph J. Echevarria
Joseph J. Echevarria

Director since 2016

Mr. Echevarria served as Chief Executive Officer of Deloitte LLP, a global provider of professional services, from 2011 until his retirement in August 2014. During his 36-year tenure with Deloitte he held increasingly senior leadership positions prior to being named CEO, including U.S. Managing Partner and Chief Operating Officer, Deputy Managing Partner, and Southeast Region Audit Managing Partner. He also served on key boards and committees within Deloitte and its member firm network, including chair of the U.S. Executive and Americas Executive committees and memberships on the U.S. and global boards. Mr. Echevarria serves as a director of Xerox Corporation (since January 2017), The Bank of New York Mellon Corporation (since January 2015, serving as its Lead Independent Director since April 2016), and Pfizer Inc. (since June 2015). In addition, he serves as the Chair of My Brother’s Keeper Alliance and is a member of the President’s Export Council and the Presidential Commission on Election Administration.

Cynthia L. Egan
Cynthia L. Egan
Cynthia L. Egan

Director since 2014

Ms. Egan was President of T. Rowe Price Retirement Plan Services, Inc., a retirement planning subsidiary of the global investment management firm T. Rowe Price Group, Inc., from May 2007 until her retirement in December 2012. She served an appointment as a senior advisor to the U.S. Department of the Treasury on the development of myRA, a Treasury-sponsored retirement savings program from April 2014 to April 2015. Prior to her work at T. Rowe Price, she was a long-time member of the executive team at Fidelity Investments where she was head of Fidelity Institutional Tax-Exempt Services Company and President of the Fidelity Charitable Gift Fund. Ms. Egan served as a director of Envestnet, Inc., a wealth management technology and services provider, from August 2013 to March 2016. She has also been a director of The Hanover Insurance Group, Inc., the holding company for several property and casualty insurers, and the BlackRock Closed-End Funds, since May 2015 and April 2016, respectively.

Ms. Egan has significant operational experience in delivering complex financial products and services on a large scale through her work at T. Rowe Price and Fidelity. She has used technology and process improvement to successfully lead businesses through transition, including growth and strategic redirection, and her knowledge of the retirement industry gives her insight into the need for the financial protection benefits we provide. She also has experience operating in a regulated environment, serving as a director of other publicly traded companies, and qualifies as an “audit committee financial expert” under SEC regulations.

Kevin T. Kabat
Kevin T. Kabat
Kevin T. Kabat

Director since 2008

Mr. Kabat has served as Chairman of the Board of Directors of Unum since May 2017, having previously served as its Lead Independent Director from May 2016.

Mr. Kabat served as Chief Executive Officer of Fifth Third Bancorp, a diversified financial services company, from 2007 until October 2015, before fully retiring from the company in April 2016. He served as Vice Chairman of the Board of Directors of Fifth Third Bancorp from September 2012 until his retirement in April 2016, and before that served as its Chairman from 2008 to 2010. He previously served at Fifth Third Bancorp as President from 2006 to September 2012 and as Executive Vice President from 2003 to 2006. Before that, he was President and Chief Executive Officer of Fifth Third Bank (Michigan) from 2001 to 2003. Prior to joining Fifth Third Bancorp, Mr. Kabat served in a number of management and executive positions with Old Kent Financial Corporation, including as its Vice Chairman and President. Mr. Kabat joined the Board of Directors of E*TRADE Financial Corporation, a financial services company, in June 2016, and has been a director of NiSource Inc., an energy holding company, since July 2015.

Timothy F. Keaney
Timothy F. Keaney
Timothy F. Keaney

Director since 2012

Mr. Keaney served as Vice Chairman of The Bank of New York Mellon Corporation (BNY Mellon), a global investments company, from October 2010 to September 2014. While at BNY Mellon, he held a number of executive positions, including Chief Executive Officer of Investment Services from January 2013 to June 2014 and Chief Executive Officer of Asset Servicing from September 2010 to December 2012. He served as co-CEO of Asset Servicing at BNY Mellon following its formation in 2007 upon the merger of The Bank of New York Company, Inc. and Mellon Financial Corporation. Prior to the merger, Mr. Keaney was head of The Bank of New York’s asset servicing business and head of that company’s presence in Europe, with management responsibilities for all business activities in the region.

Mr. Keaney possesses significant operational, investment, and finance experience, both domestically and internationally. His work has included lengthy periods of executive leadership service in the United Kingdom, which has given him a deep understanding of many of the challenges and opportunities that we face there. He also qualifies as an “audit committee financial expert” under SEC regulations.

Gloria C. Larson
Gloria C. Larson
Gloria C. Larson

Director since 2004

Ms. Larson has been the President of Bentley University since July 2007. She previously served as co-chairperson of the Government Practices Group of the law firm Foley Hoag LLP and coordinator for its Administrative Practices Group after joining the firm in 1996. Prior to joining Foley Hoag, she served as Secretary of Economic Affairs and as Secretary of Consumer Affairs and Business Regulation for the Commonwealth of Massachusetts, and prior to that was Deputy Director of Consumer Protection for the Federal Trade Commission. Ms. Larson has served as a director of Boston Private Financial Holdings, Inc., a wealth management company servicing high net worth individuals, families and select institutions, since January 2015.

Ms. Larson has executive management experience as president of a major university. In addition, she brings regulatory insight from her service as a regulator and her experience advising clients in the course of her practice of law. She also has corporate governance experience from her current and prior service on the boards of other publicly traded companies.

Richard P. McKenney
Richard P. McKenney
Richard P. McKenney

Richard (Rick) McKenney is president and chief executive officer for Unum Group, one of the world’s leading providers of workplace financial protection benefits. He became president in April 2015 and assumed the role of CEO in May of the same year.

McKenney served as executive vice president and chief financial officer for Unum Group from 2009 to 2015, where he was responsible for overall financial management of the company, including financial reporting, treasury and capital management, strategic planning and mergers and acquisitions, investments, financial planning, investor relations, and enterprise risk management. He also chaired Unum’s Operating Committee, which oversees the company’s business operations throughout the U.S. and U.K.

Prior to joining Unum in 2009, McKenney was executive vice president and chief financial officer of Sun Life Financial, Inc., an international financial services company based in Toronto.

McKenney began his career at GE, transitioning in his roles from manufacturing to financial leadership. He joined GE Financial Assurance in 1996 and became CFO in 2002. In 2004 he became CFO of Genworth Financial as part of the team that launched its initial public offering from GE.

In 2017, McKenney joined the Board of Directors of U.S. Bancorp, the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. He also serves on the boards of the Financial Services Roundtable and the American Council of Life Insurers.

McKenney graduated summa cum laude from Tufts University with a bachelor’s degree in mechanical engineering.
McKenney lives in Chattanooga, Tenn., with his wife and three children, and is active in his community. He serves on the boards of the United Way of Greater Chattanooga, Siskin Hospital for Rehabilitation and the Chattanooga Chamber Foundation.

Ronald P. O'Hanley
Ronald P. O'Hanley
Ronald P. O'Hanley

Director since 2015

Mr. O’Hanley has served as the President and Chief Operating Officer of State Street Corporation, a provider of financial services to institutional investors worldwide, since November 2017. Prior to this, he served as President and Chief Executive Officer of State Street Global Advisors, the investment arm of State Street Corporation, from April 2015, and also as Vice Chairman of State Street Corporation from January 2017. Prior to joining State Street, he served as President of Asset Management and Corporate Services for Fidelity Investments, a leading provider of financial products and services, from July 2010 until March 2014 and was a member of Fidelity’s Executive Committee. From 2007 until May 2010, Mr. O’Hanley served as Vice Chairman of The Bank of New York Mellon Corporation (BNY Mellon), a global investments company, and President and Chief Executive Officer of BNY Mellon Asset Management. Prior to the merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. Before joining Mellon in 1997, he was a partner with McKinsey & Company, Inc., a management consulting firm.

Mr. O’Hanley has significant executive management and operational experience within the financial services industry, both domestically and internationally. He has served in senior leadership positions at large, global organizations, which has included responsibility for investment, finance, human resources, legal, risk, corporate compliance, and enterprise technology functions.

Francis J. Shammo
Francis J. Shammo
Francis J. Shammo

Director since 2015

Mr. Shammo served as Executive Vice President and Chief Financial Officer of Verizon Communications, Inc., a leading communications provider, from November 2010 until November 2016, and retired from Verizon at the end of 2016. After joining Bell Atlantic Corporation in 1989, which merged with GTE Corporation in 2000 to form Verizon, he held positions of increasing responsibility in finance, mergers and acquisitions, logistics, facilities, regional operations, and planning. His prior positions include President and Chief Executive Officer of Verizon Telecom and Business, Senior Vice President and Chief Financial Officer of Verizon Business, President – West Area of Verizon Wireless, and Vice President and Controller of Verizon Wireless. Mr. Shammo has also served as a director of Avis Budget Group Inc. since May 2018.

Mr. Shammo has significant executive management, financial, and operational experience, including service as chief financial officer, for large publicly traded companies in the telecommunications industry, where technology and connectivity are integral to the business. He has led major business units, with responsibility for sales, marketing, and customer service for customers worldwide. He is also a certified public accountant and qualifies as an “audit committee financial expert” under SEC regulations.

Executive Officers

Richard P. McKenney
Richard P. McKenney
President and Chief Executive Officer
Richard P. McKenney

Richard (Rick) McKenney is president and chief executive officer for Unum Group, one of the world’s leading providers of workplace financial protection benefits. He became president in April 2015 and assumed the role of CEO in May of the same year.

McKenney served as executive vice president and chief financial officer for Unum Group from 2009 to 2015, where he was responsible for overall financial management of the company, including financial reporting, treasury and capital management, strategic planning and mergers and acquisitions, investments, financial planning, investor relations, and enterprise risk management. He also chaired Unum’s Operating Committee, which oversees the company’s business operations throughout the U.S. and U.K.

Prior to joining Unum in 2009, McKenney was executive vice president and chief financial officer of Sun Life Financial, Inc., an international financial services company based in Toronto.

McKenney began his career at GE, transitioning in his roles from manufacturing to financial leadership. He joined GE Financial Assurance in 1996 and became CFO in 2002. In 2004 he became CFO of Genworth Financial as part of the team that launched its initial public offering from GE.

In 2017, McKenney joined the Board of Directors of U.S. Bancorp, the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. He also serves on the boards of the Financial Services Roundtable and the American Council of Life Insurers.

McKenney graduated summa cum laude from Tufts University with a bachelor’s degree in mechanical engineering.
McKenney lives in Chattanooga, Tenn., with his wife and three children, and is active in his community. He serves on the boards of the United Way of Greater Chattanooga, Siskin Hospital for Rehabilitation and the Chattanooga Chamber Foundation.

Jack F. McGarry
Jack F. McGarry
Executive Vice President and Chief Financial Officer
Jack F. McGarry

Jack McGarry is executive vice president and chief financial officer for Unum Group, one of the world’s leading providers of workplace financial protection benefits. As CFO, McGarry is responsible for overall financial management of the company, including financial reporting, treasury and capital management, strategic planning and mergers and acquisitions, investments, financial planning, investor relations, and enterprise risk management.

An actuary by profession, McGarry is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

From 2012 to April 2015, McGarry was president and chief executive officer of Closed Block Operations, which comprises the company’s individual disability and long-term care legacy business and accounts for more than 30 percent of Unum’s capital. In this role, he built a strong management team, re-engineered the financial management strategy for the block and improved Unum’s long-term care rate increase effectiveness.

Prior to leading the Closed Block, McGarry served as president and CEO of Unum UK for two years.

McGarry joined Unum in 1986 as an actuary in the Individual Life division. He held various financial roles including chief finance officer for the Life, Health and Retirement Products division. In 1992, he became vice president of Underwriting and Risk Management for Unum’s Long Term Disability division, and later oversaw the Individual Disability, National Client Group and Corporate Development efforts for Unum US. He was head of Risk Management for Unum US, where he oversaw claims management activities for the company’s U.S. operations.

McGarry graduated magna cum laude from the University of Vermont in 1980 with a bachelor’s degree in mathematics.

Lisa G. Iglesias
Lisa G. Iglesias
Executive Vice President and General Counsel
Lisa G. Iglesias

Lisa Iglesias was appointed executive vice president and general counsel of Unum Group in January 2015.

She joined the company in January 2015 from WellCare Health Plans, Inc., a managed care company, where she served as senior vice president, general counsel and secretary from February 2012 to December 2014. She joined WellCare in Feburary 2010 as vice president, securities and assistant general counsel. Prior to that, she served as general counsel and corporate secretary at Nordstrom, Inc., a fashion specialty retailer, from 2007-2008, and as general counsel and secretary of Spherion Corporation, a recruiting and staffing company, from 1999-2007.

Iglesias received her bachelor’s and master’s degrees in accounting from the University of South Florida, and her law degree from the University of Miami.

As the general counsel of Unum Group, Iglesias has overall responsibility for the legal affairs of the corporation, and heads a team of lawyers handling transactions, finance and investments, SEC and reporting, corporate governance, regulatory matters and relationships, compliance and complex litigation.

Michael Q. Simonds
Michael Q. Simonds
President and Chief Executive Officer, Unum US
Michael Q. Simonds

As president and chief executive officer for Unum US, Mike Simonds is responsible for Unum Group’s largest business unit. Unum is one of the world’s leading providers of workplace financial protection benefits.

Simonds was named president and CEO of Unum US in July 2013. Since beginning his career with Unum in 1994, Simonds has worked in leadership roles including chief operating officer and chief marketing officer for Unum US. During his tenure, Simonds helped lead the company’s expansion into voluntary, dental and vision benefits.

After earning bachelor’s degrees in economics and anthropology from Bowdoin College, Simonds began his career with Unum. He worked in management positions in finance, marketing and sales before leaving the company to earn his master’s in business administration from Harvard Business School. He then advised a range of financial institutions as a consultant for McKinsey & Company, a global management consulting firm, before returning to Unum in 2004.

Simonds lives in Falmouth, Maine, with his wife, Ruby, and their four boys. He is active in youth athletics and sits on the board of the Maine Medical Center and the United Way of Greater Portland.

Timothy G. Arnold
Timothy G. Arnold
President and Chief Executive Officer, Colonial Life
Timothy G. Arnold

Tim Arnold is president and chief executive officer at Colonial Life.

Arnold previously served as the company's Senior Vice President of Sales and Marketing from August 2012 to July 2014. Prior to that, he served as the Chief Operations Officer from July 2011 to August 2012. Arnold joined Colonial Life in July 2011, following a 27-year career with Unum. During his career with Unum, he held leadership positions in Underwriting, Corporate Planning, Client Services, National Accounts Sales, and Benefits and served in leadership roles in the Chattanooga, Tenn.; Worcester, Mass.; and Portland, Maine, offices.

Arnold serves on the boards of the South Carolina Center for Fathers and Families, the S.C. Chamber of Commerce and the S.C. Junior Golf Foundation. He is a past chair of the Unum United Way campaign in Portland and served on the Unum United Way campaign board in Chattanooga. He also served on the boards of The First Tee of Chattanooga, First Things First, the Council for Alcohol and Drug Abuse Services Inc. and Girls Incorporated in Chattanooga.

Arnold earned a bachelor’s degree in management and a master’s in business administration degree in finance from the University of Tennessee at Chattanooga. He holds the professional designations of Associate, Life and Health Claims (ALHC) and Fellow, Life Management Institute (FLMI).

Peter G. O'Donnell
Peter G. O'Donnell
President and Chief Executive Officer, Unum UK
Peter G. O'Donnell

Peter O’Donnell became President and Chief Executive Officer of Unum UK in September 2012 and is a member of that organization’s governing body, Unum Limited Board of Directors.

O’Donnell joined Unum in June 2010 as the Chief Financial Officer. Prior to that he was Director of Group Finance at Prudential plc and held senior finance and business positions at RSA plc and Aviva plc. O’Donnell has spent over 20 years in the financial services industry, has held a number of significant operational and international roles and has excellent experience of the UK Life & Pensions market and the wider global insurance industry.

O’Donnell is a Fellow of the Chartered Institute of Management Accountants and has a Bachelor of Commerce Degree from University College Dublin.

He and his wife, Colette, have three children and live in Kent, England.

Puneet Bhasin
Puneet Bhasin
Executive Vice President, Chief Information and Digital Officer
Puneet Bhasin

Puneet Bhasin serves as Chief Information and Digital Officer for Unum. In this capacity, he oversees the execution of Unum’s comprehensive, long-term information technology strategy.

Prior to joining Unum, Bhasin was executive vice president of Corporate Operations and president of the Recycling division for Waste Management. He joined Waste Management in 2009 as senior vice president and chief information officer and also held roles as senior vice president of logistics, customer service, supply chain, and strategic accounts for the company.

Previously, he was senior vice president and CIO of Monster Worldwide, senior vice president of E-Commerce for Putnam Investments, and vice president and CIO for Ryder TRS.

Bhasin holds a Bachelor’s in Mechanical Engineering from the National Institute of Technology in India and a Master’s in Operations Research from Ohio State University.

Bhasin lives in Chattanooga, Tennessee.

Breege A. Farrell
Breege A. Farrell
Executive Vice President and Chief Investment Officer
Breege A. Farrell

Breege Farrell is executive vice president and chief investment officer for Unum Group. In this role, Ms. Farrell is responsible for designing and overseeing Unum’s investment and asset management strategies, including maintaining a balanced portfolio of investments to optimize investment performance within the company’s risk management guidelines.

Ms. Farrell joined Unum in 2011 from Allstate, where she held a number of executive-level investment positions, most recently senior managing director in charge of the credit and equity asset management groups. Prior to joining Allstate, she was an analyst with Nomura Corporate Research and Asset Management Inc. from 2001 to 2004. From 1993 to 2001, Ms. Farrell held analyst positions in equity and high-yield at several investment banks including JP Morgan, UBS and Kidder Peabody. From 1986 to 1993, she worked in the investment division of Prudential Insurance Company, most recently as director of fixed income research. She began her career in Chemical Bank’s international division serving as a junior loan officer.

Ms. Farrell has a bachelor of arts in economics, Spanish and psychology from Emory University and a master’s in business administration from New York University’s Stern School of Business.

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