Unum CEO retires
After 12 years as chief executive of Unum Group, Thomas R. Watjen retired at the insurance company’s annual shareholder meeting today in Chattanooga, Tenn. Richard P. McKenney, Unum’s former chief financial officer, assumed the role of CEO.
“For many years we have been committed to a rigorous leadership development and succession planning process,” Watjen said in a statement. “We are well-positioned for the future and I step back knowing that Unum is in very good hands and poised for even greater things ahead.”
Unum, which has major operations in Worcester, announced the leadership change in February. Watjen will stay active with the company as he begins a two-year term as chairman of the board of directors, with former chairman William J. Ryan being appointed lead independent director.
“On behalf of the board, I want to thank Tom for his extraordinary service to Unum over his long tenure,” Ryan said. “His strategic insight and commitment to excellence has not only produced steadily improving operating results and shareholder returns under challenging conditions, but also built Unum into a clear industry leader that is well positioned to capitalize on favorable market dynamics in the years ahead.”
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