Manulife Announces Chair Transition and Succession
Manulife Financial Corporation (TSX:MFC)
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5 Years : From May 2011 to May 2016
TORONTO, Nov. 30, 2012 /PRNewswire/ - Gail Cook-Bennett, Chair of Manulife
Financial Corporation and The Manufacturers Life Insurance Company
today announced on behalf of the Board of Directors, the appointment of
Richard DeWolfe as Vice-Chair, effective December 1, 2012.
Gail Cook-Bennett will retire from the Board in May 2013, having reached
the Board retirement age. As Vice Chair, Mr. DeWolfe will assist the
Chair in managing a smooth transition of the affairs of the Board until
the 2013 Annual Meeting in May when he will become Chair.
"Over the past few months, the Manulife Board participated in a careful
process to identify the next Chair," said Gail Cook-Bennett. "The Board
is fortunate to have someone of Dick DeWolfe's experience, ability and
knowledge of the Company take on the role of Chair," she added.
"We have benefited enormously from Dick DeWolfe's keen interest and wise
counsel, as a Director at large and as Chair of the Audit Committee,"
said Donald Guloien. "I am looking forward to working even more
closely with Dick over the next few years," he added.
Mr. DeWolfe, who joined the Board in 2004, is currently Managing Partner
of DeWolfe & Company, LLC, a real estate management and investment
consulting firm. He was formerly Chairman and CEO of The DeWolfe
Companies, Inc., the largest homeownership organization in New
England. Mr. DeWolfe is a director of Avantair, Inc. and holds an
Executive Masters Professional Director Certification from the American
College of Corporate Directors. Mr. DeWolfe received a BAS, Marketing
and Finance from Boston University.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States. In
2012, we celebrate 125 years of providing clients strong, reliable,
trustworthy and forward-thinking solutions for their most significant
financial decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$515 billion (US$523
billion) as at September 30, 2012. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
SOURCE Manulife Financial Corporation