TSX: GWO
- Jon Nielsen to join Great-West
Lifeco as CFO designate on September 5,
2023
- Jon to be appointed Chief Financial Officer in Q1 2024
- Garry MacNicholas to retire in
Q2 2024
WINNIPEG, MB, May 12, 2023
/CNW/ - Great-West Lifeco Inc. is announcing a succession plan for
its Chief Financial Officer to support the company's focus on
building long-term, sustainable growth for its shareholders and all
stakeholders.
Jon Nielsen will be joining the
company as CFO designate on September 5,
2023, and will be appointed Chief Financial Officer in Q1
2024. Garry MacNicholas has made the
decision to retire in Q2 2024 and will be working closely with Jon
to ensure a seamless transition.
"I'm pleased to welcome Jon to our team. He has both an
impressive track record and deep experience across financial
services," said Paul Mahon,
President and CEO, Great-West Lifeco. "With his expertise and
wealth of experience, Jon will be a valuable addition to our
executive team as we chart our course for our future success."
Jon joins Lifeco from Asian-based insurer, FWD, where he served
as Chief Financial Officer. He has extensive international
experience from across the insurance sector, having undertaken
senior finance and risk roles in the
United States, Asia, and
Europe. He also holds a Master of
Professional Accountancy and a Bachelor of Science in Business
Administration from the University of Nebraska
Lincoln.
"Great-West Lifeco is known for its rich history, commitment to
its customers, and its high-performing teams," said Jon Nielsen. "I'm excited for the opportunity to
help drive forward the next chapter in the company's storied
history of growth and innovation."
After a successful 40-year career with the company that included
leadership roles in Operations, Actuarial, Risk, and Finance,
Garry MacNicholas has chosen to
retire.
"Garry has been a source of strength for our company, helping to
guide the organization through significant change during his tenure
as CFO," said Paul Mahon. "His
leadership and unwavering consistency have been key in helping us
deliver for our stakeholders and navigate through significant
change. I'm especially grateful for his tireless efforts to
successfully lead the company's transition to the new IFRS 17
standard – a once in a generation change."
About Great-West Lifeco
Inc.
Great-West Lifeco is an international financial services holding
company with interests in life insurance, health insurance,
retirement and investment services, asset management and
reinsurance businesses. We operate in Canada, the United
States and Europe under the
brands Canada Life, Empower, Putnam Investments, and Irish Life. At the end of 2022, our companies
had approximately 31,000 employees, 234,500 advisor relationships,
and thousands of distribution partners – all serving over 38
million customer relationships across these regions. Great-West
Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker
symbol GWO and is a member of the Power Corporation group of
companies. To learn more, visit greatwestlifeco.com.
SOURCE Great-West Lifeco Inc.