Lansing, Michigan, February 21, 2024–(BUSINESS WIRE)–Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) today announced that Marcia Wadsten, Executive Vice President and Chief Financial Officer, intends to retire from The Jackson Company on June 3, 2024, after more than 32 years of dedicated and outstanding service. announced that it is. Mr. Don Cummings, current Senior Vice President, Chief Accounting Officer and Comptroller of the Company, will be appointed Chief Financial Officer effective June 3, 2024. He will succeed Wadsten and will continue to serve as an advisor to the Company for a period of time to support the transition. Do your best.
“Marcia was instrumental in our transition to an independent public company, building relationships with rating agencies, analysts, institutional shareholders, and most recently in the creation of Brook Life Reinsurance Company. “Her positive contributions to Jackson have been invaluable and her unwavering commitment is invaluable to Jackson. Her responsibility as steward of the company's capital will be felt for years to come.” said Laura Prieskorn, president and CEO of the company. “We are pleased that our approach to talent development and succession planning has allowed for a smooth transition of responsibilities. Don has been a valued member of our leadership team since joining Jackson. We are confident in his ability to build on our strong track record.'' He has excellent financial strength and performance, and we look forward to the leadership he will provide in this new role. ”
Cummings has nearly 40 years of experience in the financial services industry. Prior to joining Jackson in 2020, Cummings served as interim chief financial officer at Fortitude Reinsurance Company Limited since 2019 and previously held various positions at American International Group, Inc., including global corporate controller. served in a financial role. He holds a Bachelor of Business Administration in Accounting from Morehead State University and is a Certified Public Accountant.
About Jackson
Jackson® (NYSE: JXN) is committed to helping clarify complex retirement plans for financial professionals and their clients. Through our wide range of pension products, financial expertise, history of award-winning service*, and streamlined experience, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serve all stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe that by providing clear information to everyone today, we can deliver better outcomes tomorrow. For more information, please visit www.jackson.com.
For information about Jackson Financial Inc., please visit Investors.jackson.com. We use this website as our primary channel for disclosing material information to our investors. Some of it may contain important information that was previously private.
*SQM (Service Quality Measurement Group) 2004 and 2006-2022 Contact Center Awards Program for the Financial Services Industry (To achieve world-class certification, more than 80% of call center customers surveyed must rate their experience as highly (You must have rated it as Satisfied with ), the highest possible rating).
Jackson® is the marketing name of Jackson Financial Inc., Jackson National Life Insurance Company® (headquartered in Lansing, Michigan), and Jackson National Life Insurance Company of New York® (headquartered in Purchase, New York).
Safe Harbor Statement
The information in this press release contains forward-looking statements regarding future events and conditions and their impact on our revenues, expenses and business opportunities. Generally, any statements in this release that are not based on historical fact are forward-looking statements. Forward-looking statements include statements such as “may,” “should,” “could,” “continue,” “estimate,” “predict,” “intend,” “seen,” or “might.” “may”, “will”, “expect”, “believe”, “anticipate”, “plan”, “remain”, “confident”, “commit” or similar expressions. In particular, statements regarding plans, strategies, prospects, goals and expectations regarding our business and industry are forward-looking statements. They reflect expectations, are not guarantees of performance, and speak only as of the date the statement is made. Investors are cautioned that these forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those projected, expressed or implied. Factors that could cause actual results to differ materially from those in forward-looking statements include those reflected in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the Year Ended December 31, 2022, Filed with the SEC on March 1, 2023 and Analysis (the “2022 Annual Report”), Part II, Item 7 is included in Jackson Financial, Inc.’s Current Report on Form 8-K filed on May 10, 2023 and elsewhere. revised to reflect the adoption of improved accounting principles. 's filings with the Securities and Exchange Commission. Jackson Financial Inc. undertakes no obligation to update such forward-looking statements, except as required by law. You should not place undue reliance on forward-looking statements.
1 Jackson Financial Inc. is a U.S. holding company and the direct parent company of Jackson Holdings LLC (JHLLC). JHLLC's wholly owned direct and indirect subsidiaries include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc., and Jackson National Asset Management, LLC.
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contact address
Media contact:
patrick rich
patrick.rich@jackson.com
Investor information contact:
Andrew Campbell
andrew.campbell@jackson.com
