Unum Group (NYSE: UNM) announced today that Randall C. Horn, president
and chief executive officer of its Colonial Life business, intends to
retire in the first quarter of 2015. He is stepping down from his role
as president of Colonial Life effective July 1, 2014, while remaining
chief executive officer until Dec. 31, 2014. Timothy G. Arnold,
currently senior vice president of sales and marketing for Colonial
Life, will become president July 1.
Tim Arnold (Photo: Business Wire)
“Randy has had an enormous impact on our business and been instrumental
in the success of Colonial Life over the past decade,” said Thomas R.
Watjen, president and chief executive officer of Unum Group. “We will
certainly miss the strong leadership and steady hand he has brought to
the company.”
Horn, who joined Colonial Life in 2004, will remain actively involved at
the company until his retirement, as he transitions his operating
responsibilities to Arnold.
“One of Randy’s greatest accomplishments has been in building a strong,
deep leadership team that ensures the success and stability we have
enjoyed during his tenure continues,” added Watjen. “He and Tim will
work closely together through the end of the year to ensure a smooth
transition of leadership. Tim is a proven leader and well known to the
Colonial Life organization, and I’m highly confident he can build from
the momentum we have seen under Randy’s tenure.”
Arnold previously served as Colonial Life’s chief operations officer
after joining the company from Unum US in July 2011. During his more
than 29 years with the company, he has held leadership positions in
Underwriting, Corporate Planning, Client Services, Sales and Benefits.
He serves on the board of directors for the South Carolina Chamber of
Commerce, the South Carolina Center for Fathers and Families, and the
South Carolina Junior Golf Foundation. Arnold earned a bachelor’s degree
in management and an MBA in finance from the University of Tennessee at
Chattanooga.
ABOUT UNUM GROUP
Unum Group (www.unum.com)
is a leading provider of financial protection benefits in the United
States and the United Kingdom. Its primary businesses are Unum US,
Colonial Life and Unum UK. Unum’s portfolio includes disability, life,
accident and critical illness coverage, which help protect millions of
working people and their families in the event of an illness or injury.
The company reported revenues of $10.35 billion in 2013, and provided
$6.5 billion in benefits last year.
For more information visit us at www.unum.com
or connect with us at www.facebook.com/unumbenefits,
www.twitter.com/unumnews
and www.linkedin.com/company/unum
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140520005377/en/
Copyright Business Wire 2014