CARMEL,
Ind., Feb. 15, 2023 /PRNewswire/ -- CNO
Financial Group, Inc. (NYSE: CNO) today announced that its
Board of Directors has nominated Archie
Brown and Adrianne Lee as
directors to stand for election at the company's May 10, 2023, annual meeting.
"We are very pleased to announce the nominations of Archie and
Adrianne to stand for election to the CNO Board of Directors," said
Board Chair Dan Maurer. "As
the chief executive officer for a publicly traded U.S. bank, Archie
has significant finance, business line management, and risk and
regulatory experience in delivering financial services to both
individual consumers and businesses. Adrianne is a proven chief
financial officer for a publicly traded e-commerce retailer with
deep knowledge of financial planning, accounting, and internal
audit as well as technology and online shopping expertise
cultivated over her career at blue-chip brands."
Chief Executive Officer Gary C.
Bhojwani added, "With their executive management backgrounds
at publicly traded companies and experience with differentiated
distribution that serves customers in-person, virtually and online,
Archie and Adrianne will add valuable perspectives to the CNO Board
as we continue to execute on our growth priorities."
Archie Brown, 62, is president
and chief executive officer of First Financial Bancorp (Nasdaq:
FFBC) and president and chief executive officer of First Financial
Bank, Bancorp's lead bank, positions he has held since 2018.
Previously, he served as president and chief executive officer of
MainSource Financial from 2008 to 2018, and as its board chair from
2011 to 2018. During his nearly 40-year career in banking, Brown
has held executive leadership positions in branch management,
region management, bank operations, business development,
commercial banking, small business, and consumer lending. He
received a bachelor's degree in business administration from the
University of Georgia and a Master of
Business Administration from Xavier University.
Adrianne Lee, 45, is chief
financial officer of Overstock.com, Inc. (Nasdaq: OSTK), a position
she has held since 2020. Prior to joining Overstock.com, she served
as senior vice president and chief financial officer for Hertz
Corporation's North American Rental Car unit from 2018 to 2020 and
prior to that was the vice president of global financial planning,
analysis, and corporate development. Lee held several roles in
finance, strategic planning, accounting, financial reporting,
investor relations, and audit at Best Buy, PepsiCo, Allianz Life and PricewaterhouseCoopers. She
received a bachelor's degree in business administration with a
concentration in accounting from the University of St. Thomas in St. Paul,
Minnesota.
CNO also announced that Ellyn
Brown and Fred Sievert have
decided to retire from the company's Board of Directors at the
conclusion of their current terms, which end upon the close of the
annual meeting. Brown joined CNO's Board in May 2012 and
serves as chair of the Governance and Nominating Committee and as a
member of the Human Resources and Compensation Committee. Sievert
joined CNO's Board in May 2011 and is a member of the
Governance and Nominating Committee. He is also a current member
and a past chair of the Human Resources and Compensation Committee.
Ellyn Brown is no relation to
Archie Brown.
"On behalf of the Board of Directors and management team, we
thank Ellyn and Fred for their leadership and sage counsel over
many years of service to CNO," said Board Chair Dan
Maurer. "Ellyn brought an experienced finance, governance,
and regulatory perspective to the Board and we greatly benefited
from Fred's vast expertise in insurance and captive agent
distribution. We remain grateful to both Ellyn and Fred for their
stewardship and commitment to CNO and our stakeholders."
Archie Brown and Adrianne Lee are nominated to fill the vacancies
resulting from the retirements of Ellyn Brown and Fred Sievert, effective at the annual
meeting. The other seven current directors have been
nominated for re-election at the meeting.
About CNO Financial Group
CNO Financial Group,
Inc. (NYSE: CNO) secures the future of middle-income America. CNO
provides life and health insurance, annuities, financial services,
and workforce benefits solutions through our family of brands,
including Bankers Life, Colonial Penn, Optavise, and Washington
National. Our customers work hard to save for the future, and we
help protect their health, income and retirement needs with 3.2
million policies and $33 billion in total assets. Our
3,400 associates, 4,300 exclusive agents and 4,000 independent
partner agents guide individuals, families and businesses through a
lifetime of financial decisions. For more information,
visit CNOinc.com.
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SOURCE CNO Financial Group