Bulletin: Lincoln National Corp.'s CEO Succession Is Unlikely To Alter The Company's Strategy - S&P Global Ratings’ Credit Research

Bulletin: Lincoln National Corp.'s CEO Succession Is Unlikely To Alter The Company's Strategy

Bulletin: Lincoln National Corp.'s CEO Succession Is Unlikely To Alter The Company's Strategy - S&P Global Ratings’ Credit Research
Bulletin: Lincoln National Corp.'s CEO Succession Is Unlikely To Alter The Company's Strategy
Published Aug 30, 2021
2 pages (1081 words) — Published Aug 30, 2021
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Abstract:

NEW YORK (S&P Global Ratings) Aug. 30, 2021--S&P Global Ratings today said Lincoln National Corp.'s (LNC) announced retirement of President and CEO Dennis Glass and transition to chairman of the board following the 2022 annual shareholders' meeting is not likely to alter the company's strategy. Ellen Cooper, currently executive vice president, chief investment officer, and head of enterprise risk and the annuity solutions group, will succeed Mr. Glass as president and CEO. We consider senior management changes, especially at the CEO level, to be meaningful transitions in the leadership of a company. In this instance, Mr. Glass has been LNC's CEO for over a decade, and we believe his leadership has had a favorable impact on the insurer's strategy and

  
Brief Excerpt:

...August 30, 2021 NEW YORK (S&P Global Ratings) Aug. 30, 2021--S&P Global Ratings today said Lincoln National Corp.'s (LNC) announced retirement of President and CEO Dennis Glass and transition to chairman of the board following the 2022 annual shareholders' meeting is not likely to alter the company's strategy. Ellen Cooper, currently executive vice president, chief investment officer, and head of enterprise risk and the annuity solutions group, will succeed Mr. Glass as president and CEO. We consider senior management changes, especially at the CEO level, to be meaningful transitions in the leadership of a company. In this instance, Mr. Glass has been LNC's CEO for over a decade, and we believe his leadership has had a favorable impact on the insurer's strategy and culture. We currently view its governance to be neutral to the rating. Nonetheless, Ms. Cooper is a seasoned Lincoln executive, with broad and deep life insurance industry experience, and has played an important role in developing...

  
Report Type:

Bulletin

Ticker
LNC
Issuer
Lincoln National Corp.
GICS
Life & Health Insurance (40301020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Lincoln National Corp.'s CEO Succession Is Unlikely To Alter The Company's Strategy" Aug 30, 2021. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Lincoln-National-Corp-s-CEO-Succession-Is-Unlikely-To-Alter-The-Company-s-Strategy-2713477>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Lincoln National Corp.'s CEO Succession Is Unlikely To Alter The Company's Strategy Aug 30, 2021. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Lincoln-National-Corp-s-CEO-Succession-Is-Unlikely-To-Alter-The-Company-s-Strategy-2713477>
  
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