Brent Foster/National PostSun Life Financial Inc. said Monday that CEO Donald Stewart is retiring as of Nov. 30. Financial Post Staff Jul 4, 2011 – 7:45 AM ET OTTAWA — Sun Life Financial Inc. said Monday that CEO Donald Stewart is retiring as of Nov. 30.
Mr. Stewart will be replaced by Dean Connor, the company’s chief operating officer, who has been promoted to president, effective immediately. As of Dec. 1, Connor will hold the title of president and CEO.
“On behalf of the board of directors and the entire Sun Life organization, I wish to thank Don Stewart for his tireless dedication, leadership and integrity throughout his four decades in financial services, almost all of that time spent with Sun Life,” Sun Life chairman Ronald Osborne said in a statement.
Mr. Connor has been with Sun Life since 2006, holding several leadership positions with the company since then.
“I am very pleased that Dean is succeeding me,” Mr. Stewart said in a statement. “His proven leadership experience and knowledge of our diverse business operations make him the right choice to lead Sun Life going forward.”
Mr. Osborne is also being replaced on Dec. 1, the company said Monday, as James Sutcliffe steps into the role of chairman.
Postmedia News
Posted in: Financial Services News Tags: Don Stewart, Ronald Osborne, Sun Life
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