Marylou Murphy will become president of Closed Block Operations as
Steve Zabel becomes chief financial officer
CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum Group (NYSE: UNM) today announced that Marylou Murphy, currently
senior vice president and chief actuary for Unum, will become president
of Closed Block Operations. She will succeed Steve Zabel in the role as
he becomes executive vice president and chief financial officer on July
1.
“Marylou Murphy has been instrumental in completing reserve activities
for the Closed Block and has established strong relationships with our
insurance regulators, both of which will support continuity in executing
on our strategy,” Zabel said. “Her extensive expertise and understanding
of the unique complexities of the Closed Block make her well-suited to
effectively manage this business.”
Scott Carter, currently vice president of Global Financial Planning and
Analysis for Unum, will be promoted to senior vice president and chief
actuary.
“At Unum, we are deeply committed to building talent and creating
opportunities for our leaders to grow and develop,” Zabel said. “We have
significant opportunities ahead and incredible talent to move us
forward.”
In May, John F. “Jack” McGarry, executive vice president and chief
financial officer, announced he will retire from the company effective
October 31, 2019. Zabel will assume the role of executive vice president
and chief financial officer effective July 1, at which time McGarry will
move into a role supporting a smooth transition until his retirement.
ABOUT UNUM GROUP
Unum
Group is a leading provider of financial protection benefits in the
United States and the United Kingdom and the largest provider of
disability income protection in the world. Its businesses are Unum US,
Colonial Life, Unum UK, and Unum Poland. Unum’s portfolio includes
disability, life, accident and critical illness, dental and vision
coverage, which help protect millions of working people and their
families in the event of an illness or injury. Unum also provides
stop-loss coverage to help self-insured employers protect against
unanticipated medical costs. The company reported revenues of $11.6
billion in 2018, and provided $7.2 billion in benefits.
Contacts
INVESTORS Tom White 423 294 8996
MEDIA Jim Sabourin 423 294 6043
