Canada Life has announced the impending retirement of Jeff Macoun, the president and chief operating officer (COO) of its Canadian operations, after more than four decades of service within the company.
In his six-year tenure as president and COO of Canadian operations, Macoun played a pivotal role in unifying the company under the singular Canada Life brand.
His leadership also navigated the unprecedented challenges posed by the global COVID-19 pandemic, Canada Life said in a press release.
Paul Mahon, president and chief executive officer of Great-West Lifeco and Canada Life, expressed gratitude on behalf of the board of directors and the entire organisation.
“During a long and distinguished career, Jeff has made significant contributions across our Canadian business. I am particularly grateful for his impact as president, Canadian operations,” he said.
Macoun, who was among Canada's top-rated insurer CEOs on employee review site Glassdoor in 2022, will transition to the position of senior advisor to the president and COO.
Effective February 16, 2024, Fabrice Morin – currently serving as executive vice president, individual wealth and insurance solutions – is slated to assume the role previously held by Macoun.
Since joining the company in 2019 from Power Corporation of Canada, Morin has overseen diverse portfolios, including finance, strategy, marketing, real estate, individual insurance, and wealth solutions.
Mahon expressed confidence in Morin's capabilities, citing over 20 years of global leadership experience in the financial services industry.
“Fabrice is positioned to help us drive growth and unlock value for our customers and broader stakeholders,” he said. “I look forward to working closely with Fabrice. His exceptional vision, strategic acumen, and focus on innovation will serve us well.”
