Michael Smith named CFO of Voya Financial
Mr. Smith will serve on Voya's Executive Committee. Mr. Smith, who joined Voya in 2009, has previously served as CEO of Insurance Solutions at Voya and has had management oversight for the company's Closed Block Variable Annuity (CBVA) segment.
He has also served as Voya's chief risk officer and, prior to that, held the roles of CEO, CFO and CRO for Voya's Annuities business.
Prior to joining Voya, Mr. Smith held several leadership positions at Lincoln Financial Group, where he ultimately served as head of profitability and risk management of the company's retirement solutions business.
He also served as CFO & CRO of Lincoln Life and Annuities, from 2004 to 2006, and as CFO for Lincoln Financial Distributors, from 2003 to 2004.
Mr. Smith holds bachelor's degrees in economics and Russian studies from the University of Michigan and attained Fellowship in the Society of Actuaries in 1990.
He is also a member of the American Academy of Actuaries.
Mr. Smith succeeds Ewout L. Steenbergen, who has served as CFO of Voya since 2010 and has decided to depart the firm for another opportunity.
Mr. Steenbergen will continue in the role through November 7, 2016. ■