Former CEO Ring to remain in advisory capacity until 2011
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--
Unum (NYSE:UNM) today announced that Jack McGarry, senior vice president
of benefits and risk management for the company’s Unum US unit, has been
appointed president and CEO of Unum UK following the announcement by
Susan Ring that she is stepping down from that role.
McGarry’s appointment is subject to approval by the U.K. Financial
Services Authority.
“Jack has a strong record of success in various leadership positions in
our U.S. operations, and we believe he is uniquely qualified to build
off of our prior successes in the U.K. market,” said Thomas R. Watjen,
president and CEO of Unum Group.
McGarry joined Unum in 1986 and has held a number of leadership
positions in finance, underwriting and benefit operations. He has a
degree in Mathematics from the University of Vermont.
“Unum UK is a market leader and has been an important contributor to the
overall success of our company,” added Watjen. “We believe that we are
well-positioned to navigate today’s challenging market conditions while
also capitalizing on the opportunities emerging in the U.K. marketplace.”
Susan Ring, who joined Unum UK in 1995 and was appointed to president
and CEO in December 2002, will remain with the company in an advisory
capacity until February 2011.
“We thank Susan for her many contributions,” said Watjen. “Under her
leadership, Unum has grown significantly and become an important and
successful business in the U.K.”
ABOUT UNUM
Unum (www.unum.com)
is one of the leading providers of employee benefits products and
services and the largest provider of group and individual disability
income protection insurance in the United States and the United Kingdom.
Source: Unum
Contact:
Unum
Media:
Jim Sabourin, 423-667-7946
or
Investors:
Tom
White, 423-294-8996
or
Rob Lockerman, 423-294-7498