CARMEL, Ind., April 11, 2016 /PRNewswire/ -- CNO Financial
Group, Inc. (NYSE:CNO) announced today that it has appointed
Gary Bhojwani President, effective
April 18, 2016, and Erik Helding Executive Vice President (EVP) and
Chief Financial Officer (CFO), effective immediately. Both
executives will report directly to CNO Chief Executive Officer
Ed Bonach.
Mr. Bhojwani will oversee the profitable growth of CNO's three
business segments: Bankers Life, Colonial Penn, and Washington
National, which also includes Marketing, Communications,
Underwriting and New Business. Chief Business Officer Scott Perry has decided to leave the Company to
pursue other opportunities.
Mr. Helding previously served as Senior Vice President, Treasury
and Investor Relations. As CFO, Mr. Helding will be responsible for
the financial operations of the Company, including accounting,
controls and reporting, financial planning and analysis, investor
relations, treasury, and tax.
Mr. Bonach said: "Gary's expertise and proven leadership will be
invaluable in profitably growing our businesses and supporting the
implementation of our strategy. I look forward to working closely
with him over the coming years to continue to improve our
execution, grow our Company, and achieve our strategic
objectives."
"Erik is an outstanding executive with significant business
experience and a proven track record of successfully leading the
financial operations of our evolving businesses," said Mr. Bonach.
"During his tenure at CNO, Erik has made valuable contributions to
our finance functions, and we are confident that his strong
leadership, financial acumen, and broad expertise will help us
continue to scale our growing businesses and drive shareholder
value."
"We thank Scott Perry for his
contributions to CNO over the course of his career here and wish
him well in his new endeavors," concluded Mr. Bonach.
Mr. Bhojwani most recently served as a Member of the Board of
Management at Allianz SE, Chairman of Allianz of America, Allianz
Life Insurance Company, and Fireman's Fund Insurance Company from
2012 to 2015. From 2007 to 2012, he served as President and CEO of
Allianz Life Insurance Company of North
America. He earned a Bachelor of Science degree in actuarial
science from the University of Illinois
and an MBA with dual concentrations in finance and marketing from
the University of Chicago.
Mr. Helding was most recently Senior Vice President of Treasury
& Investor Relations and also oversaw the financial operations
of the Company on an interim basis. Prior to that, he served as VP
of Enterprise Financial Planning & Analysis. He joined CNO in
2004 as Director of Finance for Bankers Life and Colonial Penn.
Prior to joining CNO, Mr. Helding held finance positions with GE
Capital from 1999-2004. He earned a Bachelor's degree in Finance
and an MBA from the University of
Illinois.
About CNO Financial Group
CNO Financial Group, Inc. (NYSE: CNO) is a holding company.
Our insurance subsidiaries – principally Bankers Life and Casualty
Company, Colonial Penn Life Insurance Company and Washington
National Insurance Company – primarily serve middle-income
pre-retiree and retired Americans by helping them protect against
financial adversity and provide for a more secure retirement.
For more information, visit CNO online at www.CNOinc.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cno-financial-group-names-gary-bhojwani-president-erik-helding-chief-financial-officer-300249381.html
SOURCE CNO Financial Group, Inc.