Horace Mann Announces New Organizational Structure to Accelerate Profitable Growth and Strengthen Solutions Orientation
October 24 2019 - 4:15PM
Business Wire
Aligned around established Products,
Distribution and Infrastructure strategy
Horace Mann Educators Corporation (NYSE:HMN) today announced a
new organizational structure to support the next phase of the
company’s growth strategy and its goal of achieving a double-digit
core return on equity. These changes clearly align members of the
existing senior management team with the company’s customer-centric
solutions oriented strategy and better leverage its leadership
position in the K-12 public education market.
William Caldwell, Executive Vice President, Product, will lead
the company’s product offerings, comprised of the Property &
Casualty, Retirement, and Life businesses. Bill joined the company
in November 2013 and has successfully repositioned the property and
casualty business for profitable growth.
Matthew Sharpe, Executive Vice President, Strategy and Business
Development, will lead the company’s distribution efforts. Matt has
been with Horace Mann since January 2012 and led the
transformational acquisition of National Teachers Associates (NTA)
and reinsurance of the legacy annuity business. He brings a
strategic focus to our sales and worksite marketing operations,
with a goal of accelerating our household acquisition efforts and
increasing our market share.
Wade Rugenstein, Executive Vice President, Operations, will lead
the company’s operational functions, while continuing leadership of
the Supplemental insurance business as we work towards full
integration. Wade joined Horace Mann in July 2019, having
previously served as President and Chief Executive Officer of NTA
since April 2015. Under his leadership, NTA was named to the 2019
Ward's Top 50, a list of top performing insurance companies based
on financial performance, objective data and subjective quality
measures. Wade will continue to advance Horace Mann’s efforts to
modernize its infrastructure, improve expense efficiencies and
deliver great educator customer experiences.
“We have been building a solutions-oriented organization that
brings a unique approach to serving the insurance and retirement
savings needs of the nation’s K-12 educators. Our transformative
efforts, and multi-year initiatives focused on improving our
products, distribution and infrastructure, have put the key
components of our growth strategy in place. We are a larger, more
diverse company with a strong long-term outlook,” said Marita
Zuraitis, President and Chief Executive Office. “This
organizational realignment allows us to leverage our talented
senior leadership team as we capitalize on the profitable growth
opportunities in all of our businesses.”
About Horace Mann
Horace Mann is the largest financial services company focused on
providing America's educators and school employees with insurance
and retirement solutions. Founded by Educators for Educators® in
1945, the company is headquartered in Springfield, Ill. For more
information, visit horacemann.com.
Safe Harbor Statement
Statements included in this news release that are not historical
in nature are forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995 and are subject to certain
risks and uncertainties. Horace Mann is not under any obligation to
(and expressly disclaims any such obligation to) update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. Please refer to the
company's Quarterly Report on Form 10-Q for the period ended June
30, 2019 and the company's past and future filings and reports
filed with the Securities and Exchange Commission for information
concerning the important factors that could cause actual results to
differ materially from those in forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20191024005979/en/
Contact information: Heather J. Wietzel Vice President, Investor
Relations 217-788-5144 investorrelations@horacemann.com
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