Unum Chairman Watjen to retire; Kabat appointed successor
Board leadership transition to take place at 2017 Annual Meeting
Non-executive Chairman Thomas R. Watjen has informed Unum Group’s (NYSE:UNM) board of directors of his decision to not stand for
re-election at the company’s Annual Meeting of Shareholders in May 2017. Watjen’s retirement marks the completion of a two-year
leadership transition that began in 2015 when he stepped down as CEO of the company and Richard P. McKenney assumed the role.
“When I became chairman, I committed to a two-year term to ensure continuity during a period of board and management
transition,” said Watjen. “I believe this goal has been fulfilled and the transition has been a success, both at the company and
board level.”
Upon receiving Watjen’s notice, the board appointed lead independent director Kevin T. Kabat, retired vice chairman and CEO of
Fifth Third Bancorp, as non-executive chairman effective at the Annual Meeting, contingent on his re-election as a director by
shareholders.
“I’m honored by the confidence my fellow board members have placed in me, and I look forward to the opportunity to serve as
chairman,” said Kabat. “I am deeply humbled to be succeeding Tom Watjen, who has been such an impactful leader in so many ways. His
legacy is evident in the strong executive team we have today, which gives me great confidence in our ability to continue delivering
value for our shareholders while meeting the financial protection needs of our customers.”
“I fully support the board’s decision to elect Kevin to the chairman role,” added Watjen. “He has been a valuable contributor as
both a board member and lead independent director. Our board is as strong as it’s ever been, and Unum is flourishing today under
Rick McKenney’s leadership. I feel good about stepping away next year because the company is in such great hands.”
ABOUT UNUM
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 $10.7 billion in 2015, and provided $6.8 billion in benefits last year.
For more information visit us at www.unum.com or connect with us at www.facebook.com/unumbenefits, twitter.com/unumnews and www.linkedin.com/company/unum.
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Unum Group
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Investors:
Thomas A.H. White, 423-294-8996
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