UNUM CFO PETER O’DONNELL is to become CEO of the finance insurance group’s UK operations after previous incumbent Jack McGarry took a role in Unum’s US arm.
O’Donnell joined the company in June 2010 as its CFO, having held senior finance roles at insurance firms, including a three-year stint at RSA and a ten-year spell at Aviva from 1995 to 2005. He was also director of group finance at Prudential from 2008 until 2010. He holds a Bachelor of Commerce degree from University College Dublin.
As a result of O’Donnell’s promotion, deputy CFO Stephen Harry takes the vacated CFO post.
McGarry’s move will see him manage the company’s existing policies, but no longer taking on new clients in the US.
President and CEO of Unum Group Thomas Wetjen said the changes “affect two very important areas of our company”.
He added: “Peter has been a tremendous addition to our leadership team, with a proven track record of success both at Unum UK and within the financial services industry.
“Our closed block now represents over 25% of our capital, and I’m confident that Jack’s significant financial and operational expertise will help us improve the performance of this business.”
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