WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today announced the election of Robert Moore, President of LPL Financial, as the new Chairman of the IRI Board of Directors. As Chairman, he follows John Carter, President and Chief Operating Officer, Nationwide Retirement Plans, Nationwide Financial. IRI also announced the election of five new Board members, the re-election of five Board members, as well as the election of officers and Executive Committee members.
New Board members elected to serve three-year terms expiring in 2017 are: Erica McGinnis, President and Chief Executive Officer, AIG Advisor Group; George Riedel, Head of Financial Institutions, U.S. Investment Services, T. Rowe Price Inc.; and Larry Roth, Chief Executive Officer, Cetera Financial Group. Additionally two new Board members were elected as replacements to fill unexpired terms held by former Board members. David Cruz, Senior Managing Director, Head of Retail Annuities, New York Life Insurance Company, was elected to complete a term expiring in 2015. David Paulsen, President, Transamerica Distributors, Transamerica Capital, Inc., was elected to complete a term expiring in 2016.
Board members re-elected to serve three-year terms expiring in 2017 are: Nationwide Financial’s Carter; Greg Cicotte, President, Jackson National Life Distributors; Will Fuller, President, Lincoln Financial Group Distribution; William Loehning, Executive Vice President, Insurance Relationship Management, Fidelity Investments; and Thomas Streiff, Senior Managing Director, Head of Retirement Income and Distribution Integration, TIAA-CREF.
IRI also announced the election of three Board members to serve as officers. Bruce Ferris, President, Prudential Annuities Distributors, was elected Vice Chairman; Nationwide Financial’s Carter was elected Past Chairman; and John Papadopulos, President, Wells Fargo Retirement, Wells Fargo & Company, was elected Secretary and Treasurer. Joining them on the IRI Executive Committee, elected to serve as at-large members of the committee, are: William Benjamin, CEO, U.S. Bancorp Investments Inc. and U.S. Bancorp Insurance Services; Robert DeChellis, President and CEO, Allianz Life Financial Services; Nick Lane, Senior Executive Director, Head of U.S. Life and Retirement, AXA; and Paula Nelson, Executive Vice President, Head of Annuity Distribution, Forethought Financial Group.
Statement from Robert Moore: I am honored to have the opportunity to serve as Chairman of the IRI Board of Directors. This is a time of great significance, both for our industry and for the IRI mission, and we are well positioned to rise to the occasion. The most distinct aspect about IRI is our breadth of participation from across the industry with a singular focus on advocating and educating all constituents about the profound need to ensure access to retirement solutions for every American. Recent developments on the regulatory front will demand that we remain united and committed to providing fact-based research and advocacy resources to ensure that these strategies will continue to be accessible to all Americans as part of their retirement plans. We must also expand our education and outreach efforts to further promote the value of retirement income strategies and their important part in helping Americans prepare for a financially secure retirement. We have made exceptional progress on these important objectives, and we can move forward with confidence as we address the challenges that remain.
About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association for the retirement income industry. IRI proudly leads a national consumer coalition of more than 30 organizations, and is the only association that represents the entire supply chain of insured retirement strategies. IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals. As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement. Learn more at www.irionline.org.