Lincoln Financial Group CEO Dennis Glass is leaving next May after 15 years leading the Radnor life insurance and retirement investment company, writes Ryan Sharrow for Philadelphia Business Journal.
Succeeding him is Ellen G. Cooper, 56, currently the chief investment officer and head of the company’s Enterprise Risk and Annuity Solutions group.
Glass, 71, will become chairman of the board.
Before joining Lincoln Financial, Cooper was managing director and global head of insurance strategy for Goldman Sachs Asset Management.
She was also chief risk officer for AEGON Americas and a principal at Ernst & Young. Cooper is a graduate of Temple University.
Lincoln Financial is the fourth-largest public company in Greater Philadelphia. It finished 2020 with $17.4 billion in annual revenue. Lincoln had $324 billion in assets as of June 30. It ranked only behind AmerisourceBergen Corp., Comcast Corp. and DuPont.
It ranked No. 172 on the 2021 Fortune 500 list.
Glass was CFO at Jefferson Pilot in 1993 before promoted to president and CEO in March 2004.
Jefferson Pilot and Lincoln merged, elevating Glass to lead the merged company a year later.
Cooper will succeed Glass as CEO following the company’s annual shareholders meeting scheduled for May.
Read more at Philadelphia Business Journal about its new CEO.