(Kingston, ON – September 19, 2016) – The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) is pleased to announce the appointment of Ron Friesen, CPA, CA, as Senior Vice-President and Chief Financial Officer, effective October 3, 2016.
Ron Friesen is an experienced financial services executive, with more than 20 years in senior leadership roles in banking and insurance in Canada and the United States. A strategic thinker and leader, his areas of expertise include financial management and reporting, taxation, risk management, and liquidity and capital management. Ron is a Chartered Professional Accountant with a Bachelor of Arts in Economics from the University of Waterloo, and a Master of Liberal Arts (Finance) from Harvard University Extension School.
Mr. Friesen takes over from Scott Ewert, CPA, CA, Vice-President and Chief Financial Officer of E-L Financial Corporation Limited, who assumed the responsibilities of Chief Financial Officer for Empire Life on an interim basis following the retirement of Gary McCabe earlier this year.
“I’m very pleased to have a financial leader of Ron’s calibre join our executive team,” says Mark Sylvia, President and Chief Executive Officer of Empire Life. “Ron has built his career and reputation on strengthening the financial position of companies. His exceptional leadership qualities, financial knowledge and business acumen will be great assets in helping us to continue to deliver strong business results.”
About Empire Life
Established in 1923 and a subsidiary of E-L Financial Corporation Limited, Empire Life provides individual and group life and health insurance, investment and retirement products to Canadians. The company’s mission is to make it simple, fast and easy for Canadians to get the investment, insurance and group benefits coverage they need to build wealth, generate income and achieve financial security. As of June 30, 2016 Empire Life had total assets under management of $15.3 billion. Follow Empire Life on Twitter @EmpireLife or visit www.empire.ca for more information.
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