Voya Financial announces executive committee appointments
Carolyn M. Johnson has been named chief executive officer of Insurance Solutions, which now includes Voya's Annuities business.
Voya's Insurance Solutions business also encompasses Individual Life and Employee Benefits.
Ms. Johnson most recently served as president of Annuities, a role she has held since she joined the company in April 2014. In addition, she oversaw Voya's Tax-Exempt Market Retirement business from September 2014 through May 2016.
Prior to joining Voya, she was executive vice president and chief operating officer of Protective Life Corporation, where she led the life insurance and annuities businesses.
Michael S. Smith will continue to manage the company's Employee Benefits business over the next six to nine months.
Voya's Closed Block Variable Annuity segment will now be overseen by Ewout L. Steenbergen, chief financial officer of Voya Financial.
Alain M. Karaoglan, chief operating officer of Voya Financial, now oversees all of Voya's Ongoing Business – Retirement, Investment Management, Annuities, Individual Life and Employee Benefits.
Maggie Parent will join Voya on October 3, 2016, as executive vice president, Technology, Innovation and Operations.
Ms. Parent joins Voya from Deutsche Bank AG, where she most recently served as managing director, Americas head of Corporate Technology, since 2015.
Prior to her role at Deutsche Bank, Ms. Parent served as a managing director at Credit Suisse AG after holding a number of leadership roles at Morgan Stanley.
From 2011 to 2013, she held the roles of managing director and chief operating officer, Global Operations, Technology and Data as well as chief information officer, Americas, at Morgan Stanley.
Among other accomplishments at Morgan Stanley, Ms. Parent developed and consolidated technology strategy with regard to innovation, application architecture, decommissioning programs, infrastructure investment and data center strategy.
Nan Ferrara has been promoted to executive vice president, Operations and Continuous Improvement (CI).
Ms. Ferrara oversees the overall growth strategy and performance of Voya's Operations organization, as well as the company's CI efforts, a key driver of Voya's strategic transformation that she has led since joining the company in April 2012.
Previously, Ms. Ferrara held the title of senior managing director of Operations for Voya, providing oversight of the Operations strategy.
Ms. Ferrara's more than 20 years of experience in the financial services industry also includes leading the divestiture separation team at AIG before joining Voya.
She served as operations executive of AIG's Financial Services Division earlier in her career. She also has served in a number of senior leadership roles at J.P. Morgan Chase, where she focused on customer service and engagement. ■
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