Manulife has announced several changes to its executive team – with one professional joining the company, two getting promotions, and another announcing his retirement.
Pamela Kimmet has been appointed as the company’s newest chief human resources officer; in this capacity, she will oversee Manulife’s human resources function as well as “provide leadership to the people and culture elements of [Manulife’s] transformation,” a release said.
Kimmet’s appointment takes effect October 01, and she will report to Manulife president and CEO Roy Gori. She most recently served as the chief human resources officer of Cardinal Health – a healthcare services and products company with 50,000 employees in nearly 60 countries. Kimmet has also served as a member of Manulife’s board of directors since March, 2016, but stepped down from that role on September 04, 2018. She had also previously led the HR function of various other global companies such as Coca-Cola Enterprises, Bear, Stearns & Co. and Lucent Technologies, and held a number of strategic HR roles at Citigroup and General Motors.
Manulife has also revealed that current chief investment officer Warren Thomson has announced his intention to retire, effective February 28, 2019. Thomson had overseen that creation and growth of Manulife Asset Management. The division’s assets under management grew from $94 billion in 2006 to $516 billion, as of June 30, 2018.
With this in mind, Manulife has promoted current head of general account investments Scott Hartz to replace Thomson as its new chief investment officer, effective March 2019. Hartz is also the current chief investment officer for John Hancock Life Insurance Company, a US-based subsidiary of Manulife.
Current head of Manulife’s global wealth and asset management department Paul Lorentz – who currently reports to Thomson – has also been promoted to the role of president and CEO of the division, effective March 01, 2019.
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