Lincoln National Corporation : July 24, 2012: Lincoln Financial Group Names John Rhodes Chief Risk Officer — Promotion to Expanded Role Reflects Strategic Combination of Variable Annuity Hedging and Enterprise Risk Management
07/24/2012| 11:21am US/Eastern
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Lincoln Financial Group Names John Rhodes Chief Risk
Officer
Promotion to Expanded Role Reflects Strategic Combination of
Variable Annuity Hedging and Enterprise Risk Management
PHILADELPHIA, July 24, 2012 - Lincoln Financial Group
(NYSE:LNC) announced today that John Rhodes has been named
chief risk officer, effective immediately. Rhodes, 40, joined
Lincoln Financial in 2009 as the head of Equity Risk
Management. He will continue to serve in that role, and his
promotion to chief risk officer reflects the strategic
combination of the company's variable annuity hedging and
enterprise risk management programs.
In his expanded role, Rhodes is responsible for identifying,
assessing and prioritizing risks across the organization, as
well as developing the methodologies and processes to
measure, report and resolve those issues. He will continue to
report directly to Randal J. Freitag, executive vice
president and chief financial officer for Lincoln Financial
Group.
"John is a seasoned risk management professional and his
accomplishments since joining the organization have been
significant" said Freitag. "I could not be more
thrilled that he is taking an even larger role at Lincoln,
and I look forward to the expertise and wealth of knowledge
he will bring to the new role."
Prior to joining Lincoln Financial, Rhodes served as vice
president and head of Hedging Operations and Performance
Management for ING U.S. Financial Services - Retail Annuity.
Earlier in his career, he served in diverse risk management
roles across market risk, residual risk, and valuation for
JPMorgan Chase and GE Capital.
Rhodes is a merit graduate of the U.S. Naval Academy and
served as an officer in the U.S. Navy's Nuclear
Propulsion Program before launching a career in financial
services. He also holds a master's degree in Business
from New York University.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln
National Corporation (NYSE:LNC) and its affiliates. With
headquarters in the Philadelphia region, the companies of
Lincoln Financial Group had assets under management of $170
billion as of March 31, 2012. Through its affiliated
companies, Lincoln Financial Group offers: annuities; life,
group life, disability and dental insurance; 401(k) and
403(b) plans; savings plans; and comprehensive financial
planning and advisory services. For more information,
including a copy of our most recent SEC reports containing
our balance sheets, please visit www.lincolnfinancial.com.
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