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Voya Monetary announces management-succession program

NEW YORK–(Organization WIRE)–Voya Economical, Inc. (NYSE: VOYA), the primary health and fitness, wealth and investment business, introduced currently that its board of administrators has appointed Heather Lavallee, 52, at present main executive officer (CEO) of Voya’s Prosperity Remedies small business, to thrive Rodney O. Martin, Jr., 70, as the company’s CEO as component of Voya’s prepared succession system. Lavallee, who has been appointed Voya’s president and CEO-elect, will come to be CEO on Jan. 1, 2023, when Martin, who also serves as chairman of Voya’s board of administrators, will presume the purpose of executive chairman. Lavallee has also been appointed to Voya’s board of directors as of today.

“On behalf of Voya’s board of administrators, I am delighted to announce Heather’s appointment as our following CEO,” reported Martin. “As the CEO of our Prosperity Options small business – which delivered record earnings throughout 2021 – and in her prior business enterprise management roles, which includes primary what is now our Health and fitness Options enterprise – the place she appreciably grew earnings during a five-year period – Heather has distinguished herself as an amazing govt targeted on advancement, innovation and society. Operating closely with me, our board and our complete administration staff, Heather has performed a critical purpose in shaping and driving Voya’s company growth method – and is effectively-ready to direct its continued execution and evolution going forward.”

Voya’s lead director, David Zwiener, mentioned that Lavallee’s appointment is the result of a considerate and complete, long-time period succession-arranging course of action conducted by Voya’s board. “We are privileged to have an exceptionally talented and seasoned management workforce at Voya,” Zwiener explained. “Our board is unified in our self esteem and aid of Heather as Voya’s subsequent CEO – and we welcome her as a member of the board.”

Martin also spoke to the crucial purpose that Lavallee has played in the evolution of Voya’s lifestyle all through the previous a number of decades. “Heather is an alum of our administration enhancement software and was on the top edge of the Constant Enhancement method that assisted completely transform our small business. Heather served as the preliminary government sponsor for Voya Cares and she performed a important purpose in developing Voya’s purpose. Heather is an outstanding case in point of Voya’s lifestyle in motion.” Voya Cares is the company’s signature method concentrated on serving individuals with disabilities and specific needs as effectively as their caregivers.

Prior to top Voya’s Wealth Methods enterprise, Lavallee served as president of Voya’s Tax-Exempt Marketplaces and, prior to that, as president of the company’s Staff Rewards (now Wellbeing Methods) organization. Lavallee’s 30-yr occupation also includes management roles at Mutual of Omaha and Sunshine Life New York Insurance and Annuity Firm in advance of she joined Voya in 2008.

“I am honored and grateful – to Rod, the board of administrators, the administration staff and all of my Voya colleagues – for this chance to lead a uniquely goal-driven corporation that is dedicated to assisting our clients and consumers achieve good results with their overall health, prosperity and financial commitment requires,” reported Lavallee. “We are properly positioned for ongoing development throughout every single of our corporations – delivering higher price for all of our stakeholders. And many thanks to our persons – as properly as the society that Rod has fostered in the course of the past ten years – we are similarly effectively positioned to carry on positively impacting society by way of the methods that we provide, the corporate accountability that we reveal, and the positive effect that we make in the communities in which we dwell and do the job.”

Zwiener additional, “Voya’s board is united in its many thanks and appreciation for all the things that Rod Martin has attained as Voya’s CEO considering that 2011. Rod’s management and vision have enabled a important transformation of the Voya enterprise during the previous decade to a hugely targeted and properly-capitalized group of health, prosperity, and investment businesses with exciting advancement chances – providing results that have outperformed Voya’s friends and the S&P 500. Rod has also developed a deep and capable cadre of Voya executives. We are grateful that Rod has agreed to provide as government chairman on his retirement as CEO.”

Lavallee also acknowledged the transformational influence of Martin’s leadership of Voya. “I have skilled up-close the evolution of the Voya lifestyle reflecting Rod’s stewardship and vision,” Lavallee mentioned. “While our tradition has acquired Voya a lot of awards and honors, it has also served to determine the character of the Voya model. Under Rod’s management, Voya has grown to turn into the #1 model involved with retirement.”

“Serving as Voya’s CEO has been a person of the most fulfilling and exciting chapters of my occupation,” mentioned Martin. “I am immensely grateful to our men and women, appreciative of the steerage from our board of administrators, and extremely proud of all that we have accomplished alongside one another. That said, there is a lot more to be carried out in serving our prospects, consumers and shareholders – and I glimpse forward to operating carefully with Heather on our transition in the course of the harmony of this 12 months.”

About Voya Money®

Voya Economic, Inc. (NYSE: VOYA), is a foremost wellbeing, prosperity and expenditure enterprise that offers goods, remedies and technologies that assistance Us residents turn out to be properly planned, effectively invested and effectively guarded. Serving the demands of 14.3 million unique, workplace and institutional consumers, Voya has approximately 6,000 workers and experienced $707 billion in overall belongings beneath administration and administration as of March 31, 2022. Accredited as a “Great Area to Work” by the Good Position to Perform® Institute, Voya is goal-pushed and is equally committed to conducting enterprise in a way that is socially, environmentally, economically and ethically accountable. Voya has gained recognition as: a person of the World’s Most Moral Companies® by the Ethisphere Institute a member of the Bloomberg Gender-Equality Index and a “Best Place to Function for Incapacity Inclusion” on the Disability Equality Index. For extra information and facts, visit Abide by Voya Monetary on Fb, LinkedIn and Twitter @Voya.