Having announced that current chairman James H. Sutcliffe will retire following the company’s annual meeting on May 10, Sun Life Financial has now revealed that William D. Anderson will replace Sutcliffe as chairman.
Anderson has been a director with the firm since 2010 and currently chairs Sun Life Financial’s Audit and Conduct Review Committee. He has an extensive background in business and finance. Previously, he was an executive in the BCE organization, serving as President of the BCE Ventures strategic investment unit and CFO of both BCE Inc. and Bell Canada. He was formerly a partner at accounting firm KPMG. In addition, he is a Fellow of the Institute of Chartered Professional Accountants of Ontario and a Fellow of the Institute of Corporate Directors.
Learn more about directors and officers insurance here.
“It is a privilege to be selected by the Board as incoming chairman and I look forward to helping contribute to the impressive legacy Sun Life has built over more than 150 years,” Anderson said. “On behalf of the board, I would like to extend our advance thanks to Jim for his many contributions to Sun Life’s strategic direction and growth. He has played an instrumental role in guiding the board and the management team during a period of significant progress in the company.”
Want the latest insurance industry news first? Sign up for our completely free newsletter service now.
Sutcliffe, meanwhile, joined Sun Life’s Board in 2009 and became chairman in December 2011.
“It has been an honor to work with Dean Connor, his leadership team, and the talented employees at Sun Life over the past eight years,” said Sutcliffe. “During my tenure I’ve watched Sun Life create tremendous momentum for the future across its four pillar strategy, and the company is well positioned to deliver value for clients and shareholders in the years ahead.”
“I’ve enjoyed working alongside my board colleagues and I’m pleased to be passing the baton to Bill. He is highly respected by the board as a natural team builder who will provide strong leadership, oversight and continuity.”
Related stories:
Sun Life donates to Red Cross, helps NB ice storm victims
Sun Life recognized for its sustainability practices
.jpg)
