Dave Johnston announces intention to retire in Q3 2016; Stefan
Kristjanson to be appointed President and COO Canada in August
WINNIPEG, May 5, 2016 /CNW/ - Great-West Lifeco Inc. today announced the
succession plan for Dave Johnston, President and Chief Operating Officer, Canada, who has communicated
his intention to retire in the third quarter of 2016 following a
38-year career with the Great-West Lifeco organization, including the
last three years as President and Chief Operating Officer, Canada.
In conjunction with Dave Johnston's upcoming retirement, the company
announced that Stefan Kristjanson, currently Executive Vice-President, Strategy & Transformation, will be
appointed to the role of President and Chief Operating Officer, Canada
effective August 6, 2016.
"As President and Chief Operating Officer, Canada, Dave launched the
strategy to invest in the capabilities required to ensure that our
Canadian operations remain competitive, responsive and relevant in a
dynamic and changing environment," said Paul Mahon, President and Chief
Executive Officer of Great-West Lifeco. "Dave championed significant
change initiatives relating to innovation, digital services and
employee engagement. These and his many other achievements position us
well for continued success in the future."
Stefan Kristjanson has been associated with the Great-West Lifeco
organization for 26 years. He has held a wide variety of roles with
increasing responsibility, including leadership of the group insurance
business in Canada and the integration of the Irish Life business in
Ireland. Most recently Stefan has led the strategy and transformation
of the business in Canada.
"Stefan's deep understanding of our Canadian operations and his recent
focus on strategy and transformation position him well to lead our
growth in Canada," said Paul Mahon, adding that Stefan will work
closely with Dave to ensure a smooth transition.
About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial services
holding company with interests in life insurance, health insurance,
retirement and investment services, asset management and reinsurance
businesses. Great-West Lifeco has operations in Canada, the United
States, Europe and Asia through Great-West Life, London Life, Canada
Life, Irish Life, Great-West Financial and Putnam Investments.
Great-West Lifeco and its companies have approximately Cdn $1.2
trillion* in consolidated assets under administration and are members
of the Power Financial Corporation group of companies.
* Assets as of March 31, 2016
SOURCE Great-West Lifeco Inc.
For further information:
Marlene Klassen, APR
Assistant Vice-President, Communications