BIRMINGHAM, Alabama–(BUSINESS WIRE)–life protection society (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today that Mike TempleVice President and Chief Operating Officer, will retire from Protective, effective June 10, 2022, after a decade of significant contributions to the business.
Since joining Protective in 2012, Temple has held responsibilities in risk management, finance, operations, information technology and retail operations. During his tenure, Temple played a critical role in eight acquisitions, strengthened enterprise risk management and led Protective’s retail business through a period of record growth, including an 83% increase sales since he started leading the retail divisions in 2019.
In addition to his impact at Protective, Temple has over 37 years of global experience in a variety of roles in the life and health insurance industries and has brought a unique combination of strategic thinking, financial experience and understanding. depth to the activities of Protective.
“It has been a privilege to serve alongside Protective colleagues during this period of transformational growth,” said Temple. “I am excited about the bright future of Protective and confident in the deep and talented leadership team that will continue to guide the organization.”
The company is pleased to announce the following leadership changes effective upon Temple’s retirement:
- Steve Walker, who has more than 39 years of experience in the insurance industry and currently serves as executive vice president and chief financial officer, will be promoted to vice president, finance and risk. Walker’s new role recognizes seasoned leadership and longstanding contributions.
- Wade Harrison, who joined Protective in 2014 and currently serves as senior vice president and president of the protection division, will be promoted to executive vice president and chief retail officer. Harrison will provide strategic leadership for retail protection, retirement and asset protection businesses and support capabilities.
- Paul Wells, who has a total tenure of 16 years at Protective and most recently served as senior vice president and chief accounting officer, will be promoted to executive vice president and chief financial officer. In his new role, Wells will continue Protective’s strong financial and risk acumen as the business continues to grow and evolve.
- cissy williams, who joined Protective in 2015 and currently serves as senior vice president and chief account officer, will be promoted to executive vice president and chief operating officer. Williams will be responsible for the strategic vision of customer experience and information technology.
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Walker will continue to report to Chairman and CEO Rich Bielen, while Harrison, Wells and Williams will now become Bielen’s direct reports alongside their promotions.
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As part of these changes, Matthew Kohler will be promoted to senior vice president and chief information officer; and Barbara Pugh will be promoted to senior vice president and chief accounting officer.
“During Mike’s time at Protective, the business has grown significantly through his vision and oversight of critical business divisions, and I want to thank him for his countless contributions,” Bielen said. “These are exciting times for Protective, and with this realignment, we are building a foundation to achieve our longer-term goals. I am proud to see us leverage key leaders who will position us to deliver strategic growth plans for the future.
About Protection
Protective has been helping people achieve protection and security in their lives for 115 years. Through its subsidiaries, Protective provides life insurance, annuity and asset protection solutions and helps more than 12 million people protect what matters most. Protective’s more than 3,700 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities, because we are all protectors. With a long-term vision, financial stability and a commitment to do the right thing, Protective Life Corporation, a wholly-owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE: 8750), reached approximately $132 billion dollars in assets, as of December 31, 2021. Protective is headquartered in Birmingham, Alabama, and leverages both a robust virtual workforce and central locations in Cincinnati and Saint -Louis. For more information on protection, visit www.protective.com.
