The board of trustees of Northwestern Mutual has elected Edward J. Zore as its seventh chairman and John E. Schlifske as the 17th president in the company's 152-year history. Both appointments are effective March 31.
Zore, 63, will remain chief executive officer. Schlifske, 49, also was elected to the company's board of trustees, effective immediately, as was Gary A. "Skip" Poliner, 56, currently executive vice president - investment products and services. In addition, several other appointments were announced, effective June 30:
-- Jean M. Maier, 54, currently senior vice president of enterprise
operations, will add responsibility for the company's information
-- Gregory C. Oberland, 51, currently executive vice president, insurance
& technology, will take on responsibility for investment products and
-- Poliner will become executive vice president and chief risk officer.
He will continue to have overall responsibility for Northwestern
Mutual's corporate finances.
-- Marcia Rimai, 53, executive vice president and chief administrative
officer, will also become the company's chief compliance officer.
Zore has been president of Northwestern Mutual since 2000 and chief executive officer since 2001. He was born in Milwaukee and joined the company in 1969 as a stock trader. He received B.S. and M.S. degrees in economics from the University of Wisconsin-Milwaukee.
Schlifske most recently served as president and CEO of Russell Investments, the Tacoma-based Northwestern Mutual subsidiary that provides global investment management services with more than $150 billion in assets under management. Prior to this role, he led Northwestern Mutual's investment products and services business, after having served in a variety of positions of increasing authority in the company's investment departments. He joined the company in 1987 as an investment specialist. Schlifske was born in Milwaukee and received a B.A. degree in economics in 1981 from Carleton College in Northfield, Minnesota, and a Masters degree in finance and accounting in 1983 from the Kellogg Graduate School of Management at Northwestern University in Evanston, Illinois.
-- Edward J. Zore:
-- John E. Schlifske:
About Northwestern Mutual
The Northwestern Mutual Life Insurance Company - Milwaukee, WI (Northwestern Mutual) has helped clients achieve financial security for more than 150 years. As a mutual company with over $1 trillion of life insurance protection in force, Northwestern Mutual seeks to share its gains with policyowners and deliver consistent and dependable value to clients over time.
Northwestern Mutual is an industry leader in total individual life insurance and disability insurance dividends paid to participating policyowners. Though dividends are not guaranteed, are reviewed annually and are subject to change, the company has paid life insurance dividends every year since 1872.
Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment advisor, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company; and Russell Investments. Further information can be found at http://www.northwesternmutual.com/.
First Call Analyst:
SOURCE: Northwestern Mutual
CONTACT: Jean Towell of Northwestern Mutual, 1-800-323-7033,
Web Site: http://www.northwesternmutual.com/