James T. Morris Chairman of Pacifics' Boards

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June 1, 2008, Newport Beach, Ca., USA - James T. Morris, president and chief executive officer of Pacific Life Insurance Company, was elected chairman of the board for both parent companies of Pacific Life, effective immediately.

As chairman of both the Pacific Mutual Holding Company and Pacific LifeCorp boards, Mr. Morris succeeds Thomas C. Sutton, who has served as chairman of the board since 1990. Mr. Sutton retired as chief executive officer of Pacific Life in April 2007, ending a 43-year career with the company. He will remain as a director of both Pacific Mutual Holding Company and Pacific LifeCorp’s boards. Mr. Morris joined Pacific Life as an assistant actuary following his 1982 graduation from the University of California, Los Angeles. After holding a number of significant positions in a variety of areas, he was promoted to executive vice president of the Life Insurance Division in 2002. In 2005, Mr. Morris was elevated to executive vice president and chief insurance officer and in 2006, assumed the role of chief operating officer. In April 2007, following Mr. Sutton’s retirement, Mr. Morris was named president and CEO of Pacific Life.

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