Sun Life has selected Scott Powers as the new chair of its board of directors. Powers will assume leadership of the board following the company’s annual meeting next year, on May 11, 2022. He succeeds Bill Anderson, who will retire once Powers takes on the role.
"Heartfelt congratulations to Scott on his new role as Sun Life chair. Scott is a highly respected board member who brings strong leadership, extensive experience in financial services and a strategic, disciplined approach to governance,” commented Bill Anderson. “He is the ideal candidate to lead the board during a time of significant change and opportunity in the asset management and insurance industries.”
Since 2015, Powers has served as a director on Sun Life’s board. He currently chairs the board’s governance, investment & conduct review committee and is a member of the audit committee. He has over 30 years of experience in leading and advising firms in the investment management industry. Power is also currently serving on the boards of ADP and Pulte Group.
"I'm honoured to be selected as Sun Life's next chair of the board. I look forward to working with my board colleagues, Kevin Strain and the executive team to advance Sun Life's proven strategy of putting clients at the centre to help them achieve lifetime financial security and live healthier lives," said Powers. "On behalf of the board, I would like to extend our sincere thanks to Bill for his strong leadership and many contributions that advanced and evolved Sun Life's strategy and capabilities to better serve our clients, while delivering industry-leading returns to our shareholders during a period of unprecedented challenge.”
Prior to joining Sun Life, Powers was the president and CEO of State Street Global Advisors and Old Mutual Asset Management. He also held senior executive positions at Mellon Institutional Asset Management and The Boston Company Asset Management.
In September, Sun Life created the new role of senior vice president and chief sustainability officer, tapping Alanna Boyd to serve the position. Boyd joined Sun Life in 2016, previously serving as vice president of government, regulatory affairs & sustainability.
