MIB has announced the election of Sarah J. VanBeck as Chair of its Board of Directors for 2023-2024, and Bruce Parker as Vice Chair, as well as the re-election of two incumbent Directors.
Effective with MIB’s May 19th Board Meeting VanBeck was re-elected to a second three-year term and will become Chairperson. She currently holds the role of Senior Vice President, Corporate Controller of Athene.
Before joining Athene in 2021, her previous roles included Chief Financial Officer and Treasurer for National Life Group, and Senior Vice President, Life & Retirement Controller at AIG, where she joined the industry in 1992 and served in financial reporting, accounting policy and divisional controllership roles.
VanBeck is succeeding Bruce K. Baude, former Chief Operations and Technology Officer of CNO Financial Group, Inc. who will remain on the Board as Immediate Past Chair.
Bruce Parker, who is President, Pan-American Life Insurance Group was newly elected and will begin his three-year term as a Director and his one-year term as Vice Chair.
He is the former President, CEO and Chairman of Old Mutual US Life. Prior to Old Mutual, he was Senior Vice President of Distribution for Jefferson Pilot.
Dr. Gina Guzman, Vice President and Chief Medical Director, Munich Re, U.S. (Life) has been re-elected to a third term, as well as Harold B. Rojas, Senior Vice President, General Counsel and Corporate Secretary, The Baltimore Life Companies.
MIB’s Board is composed of 12 independent directors, and one internal director, MIB’s President and Chief Executive Officer.
The rest of the company’s Directors will all continue to serve on the Board, MIB noted, including: Mary J. Bahna-Nolan, former SVP and Chief Actuary at Pacific Life; David Chadwick, Executive Vice President, Underwriting & Claims, Primerica Life Insurance Company; Dean A. Del Vecchio, Chief Information and Operations Officer, The Guardian Life Insurance Company of America.
Michael C. S. Fosbury, President and Chief Executive Officer of Columbian Mutual Life Insurance Company; James E. Hohmann, President, CEO and Director, Vericity Holdings; Karen Phelan, Vice President, Underwriting Strategy & Innovation, PartnerRe North America Life; Monica Suryapranata, Managing Director & Controller, Retail and Institutional Annuities, New York Life Insurance Company; and Brian Winikoff, President and CEO of MIB.
“MIB’s recent success is directly tied to our close connection to the life insurance industry and our Board is a key part of that connection,” said Winikoff. “We are fortunate to have a diverse group of experienced and well-respected industry leaders serving on our Board who provide valuable oversight and support as we continue our journey to meet the life insurance industry’s evolving needs.”
He continued: “I would like to thank each of our Board members for their service to both MIB and the industry. In particular, I want to thank our outgoing Chairman Bruce Baude for his leadership and commitment over the past several years as Chair and as Vice Chair before then. I look forward to continuing to work with Bruce as Immediate Past Chair and with Sarah VanBeck and Bruce Parker as they assume their new roles as Chair and Vice Chair, respectively.”