Deals and People September 29, 2008

Sun Life turns to Ex-Lincoln Execs for Management Posts

September 24, 2008 (PLANSPONSOR.com) - Sun Life Financial (SLF) said on Monday it was adding several new executives to beef up its U.S. management expertise and that the insurance company's top U.S. executive will shift to an international role.
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According to a Reuters news report, Sun Life, Canada’s third largest life insurer, said former Lincoln Financial Group Chief Executive Jon Boscia, 56, will join the company as president. Boscia will be based in Wellesley Hills, Massachusetts, and will oversee Sun Life’s overall U.S. business, except for its asset management business, MFS Co. He will also oversee worldwide marketing.

Also joining Sun Life from Lincoln are Westley Thompson, who becomes president of SLF U.S., and Terrence Mullen, who becomes president, Sun Life Financial Distributors, Reuters reported. They will start October 27.

Robert Salipante, 52, who led the Canadian-based company’s U.S. business for five years, has been named president of SLF International and will be based in Toronto. Salipante will take on enterprisewide responsibilities, including information technology, shared business services, SLF’s British operations, reinsurance and other international strategic initiatives.

Boscia retired from Philadelphia-based Lincoln in August after 10 years as the top executive, where he was responsible for the integration of multiple acquisitions and produced internal growth.

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