AUSTIN, Texas, May 15, 2017 /PRNewswire/ -- Citizens, Inc.
(NYSE: CIA) today announced that it added a new C-level officer
role to its executive team by creating a Chief Accounting Officer
position at the company and hiring Jeff Conklin for the
role.
Mr. Conklin will be joining Dave
Jorgensen, Citizens' Chief Financial Officer, as the
insurance company's top executives in finance. Mr. Conklin,
who will start his role on May
15th, joins Citizens at an opportune time, as the
Company builds out its C-level leadership team and continues its
strategic focus on financial reporting and internal controls.
Mr. Conklin was most recently Vice President of Special Projects at
American International Group, Inc. ("AIG"), Life & Retirement,
Houston, and prior to that
Director and then Vice President of Financial Reporting at
AIG. His career at AIG spanned 13 years.
Mr. Conklin joins Citizens with over 25 years of life insurance
and financial reporting experience, having worked at Zurich Life
and Jackson National Life prior to
joining AIG. He joins a growing but experienced C-level
Citizens team, which most recently included the addition of
Terry Festervand, Citizens' COO, who
led the development and implementation of a SOX compliance program
throughout AIG's worldwide operations, prior to joining
Citizens. In addition to financial reporting, Mr. Conklin
brings Citizens expertise in budgeting, financial analysis and
implementing strategic accounting initiatives.
According to Geoff Kolander,
Citizens' CEO, "creating the Chief Accounting Officer role is a
critical next step in the transformation of Citizens. Jeff is
the ideal hire for this new role. However, the thing I like
most about Jeff is that he is 'a plow horse, not a show
horse.' Jeff's core values, experience and results-oriented
attitude fit perfectly with our C-level team's ethos and
expectations for its executive officers."
Citizens, Inc. is a financial services company listed on the New
York Stock Exchange under the symbol CIA. The Company utilizes a
three-pronged strategy for growth based upon worldwide sales of
U.S. Dollar-denominated whole life cash value insurance policies,
life insurance product sales in the U.S. and the acquisition of
other U.S.-based life insurance companies.
This press release may contain forward-looking statements as
defined in the U.S. federal securities laws, which can be
identified by words such as "may," "will," "expect," "anticipate"
or "continue" or comparable words. In addition, all
statements other than statements of historical facts that address
activities that the Company expects or anticipates will or may
occur in the future are forward-looking statements.
Forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
anticipated or implied by the forward-looking statements, including
the "Risk Factors" and similar disclosure described in Citizens'
Annual Report on Form 10-K for the year ended December 31, 2016, Quarterly Reports on Form 10-Q
and other periodic filings with the Securities and Exchange
Commission. You should not unduly rely on forward-looking
statements, which speak only as of the date they are made.
Citizens undertakes no duty or obligation to update or revise any
forward-looking statement as a result of new information, future
events or changes in the Company's expectations. The Company
also disclaims any duty to comment upon or correct information that
may be contained in reports published by the investment
community.
For further information contact:
Investor
Relations
PR@citizensinc.com
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SOURCE Citizens, Inc.