LGA Management Change
LEGAL & GENERAL ANNOUNCES GENE GILBERTSON AS INTERIM PRESIDENT AND CEO OF LEGAL & GENERAL AMERICA
Legal & General has today announced Gene Gilbertson as Interim President and CEO of Legal & General America (LGA). Gene is currently Vice President and Chief Finance Officer, and is replacing Jimmy Atkins, who is leaving Legal & General America to pursue other interests. Jimmy Atkins joined LGA in 2008 as Executive VP, and became CEO in 2010.
Nigel Wilson, Legal & General Group CEO and Chairman of LGA Board of Directors said:
“I want to wish Jimmy the very best in the future, and I’m delighted Gene has decided to accept the interim role.”
Gene Gilbertson Interim President and LGA CEO has an extensive financial service background, expertise and knowledge of LGA, and will provide further leadership in terms of product and distribution for the business. The LGA Board believes Gene and the LGA leadership team will deliver on its promises to their customers and stakeholders, and continue to drive the business forward.
For further information, please contact:
Group Corporate Affairs Director
20 3124 2090
ead of Group Corporate Communications
20 3124 2095
Notes to editors:
Legal & General Group Plc
Established in 1836, Legal & General is a leading provider of insurance, savings and investment management products in the UK. The Group has a market capitalisation of £16.6bn (as at 3 March 2015) and is responsible for investing £709bn worldwide (as at 31st December 2014) on behalf of investors, policyholders and shareholders. We have over seven million customers in the UK for life assurance, pensions, investments and general insurance plans and over one million customers in the US who rely on us for life assurance. In 2014, Legal & General's operating profit (on the IFRS basis) was £1,275m and earnings per share were 16.70p for the period, an increase of 10% for both respectively.
For more information on Legal & General, please see http://www.legalandgeneralgroup.com/
Gene R. Gilbertson, Interim President and Chief Executive Officer, Chief Financial Officer and Treasurer, LGA. Gene R. Gilbertson, CPA, CLU, FLMI was named interim president and chief executive officer for Legal & General America on February 27, 2015. He is also the organization's chief financial officer. In the latter capacity, his responsibilities include all finance, tax and treasury functions for LGA and consolidated subsidiaries, including Banner Life Insurance Company, William Penn Life Insurance Company of New York and several captive insurance companies. Additionally, he is a member of the board of directors for each of those respective companies. Gene served honourably in the U.S. Air Force from 1967 through 1971. Subsequent to his service, he has held a variety of audit, tax and financial positions at KPMG, Marriott Corporation, GEICO and Legal & General America. He has more than 30 years of experience in the life insurance industry.
Gene has substantial experience in a variety of financing (both public capital markets and private solutions) transactions for funding required reserves, including the first of its kind solution incorporating a New York domiciled insurer. He is a member of the American Institute of Certified Public Accountants and a member of the Maryland Association of Certified Public Accountants. He graduated with honours, Magna Cum Laude, from California State University, Northridge majoring in Business and Accounting. He was also the recipient of a number of scholarships and awards including the Florence Jeanne Goodman Scholarship and the Bank of America Business Scholar award.
Forward looking statements
Nothing in this announcement should be construed as a profit forecast. This document may contain certain forward-looking statements relating to Legal & General Group, its plans and its current goals and expectations relating to future financial condition, performance and results. By their nature forward-looking statements involve uncertainty because they relate to future events and circumstances which are beyond Legal & General's control, including, among others, UK domestic and global economic and business conditions, market related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory and Governmental authorities, the impact of competition, the timing impact of these events and other uncertainties of future acquisition or combinations within relevant industries. As a result, Legal & General Group's actual future condition, performance and results may differ materially from the plans, goals and expectations set out in these forward-looking statements and persons reading this announcement should not place reliance on forward-looking statements. These forward-looking statements are made only as at the date on which such statements are made and Legal & General Group Plc does not undertake to update forward-looking statements contained in this document or any other forward-looking statement it may make.