Sun Life Announces Leadership Changes for Sun Life Canada
Rhea-AI Summary
Sun Life (SLF) has announced significant leadership changes for its Canadian operations, effective September 30, 2024. Jacques Goulet will transition to the role of Executive Chair, Sun Life Canada, while Jessica Tan will succeed him as President, Sun Life Canada. Goulet, who has led Sun Life Canada since 2018, will support the leadership transition and continue to drive key elements of the enterprise strategy. Tan brings extensive global experience in insurance and digital innovation, having previously served as co-CEO of a major Asian insurer and as a partner at McKinsey.
These changes aim to build on Sun Life Canada's strong momentum and further its focus on helping clients achieve financial security and live healthier lives. The transition highlights Sun Life's commitment to innovation, digital transformation, and client-centric approaches in the Canadian market.
Positive
- Appointment of Jessica Tan, bringing global expertise in insurance and digital innovation to Sun Life Canada
- Continuity in leadership with Jacques Goulet transitioning to Executive Chair role
- Potential for enhanced digital transformation and innovation in Sun Life Canada's operations
Negative
- None.
News Market Reaction – SLF
On the day this news was published, SLF gained 0.51%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
In his new role, Mr. Goulet will support a smooth leadership transition and help deliver on key elements of our enterprise strategy. Mr. Goulet will also continue as the Chair of the Board of Directors for Dialogue, Sun Life Canada's leading virtual care business, and in his leadership role as Chair of the Board for the Canadian Life & Health Insurance Association.
Since joining Sun Life in 2018, Mr. Goulet has led the organization through significant growth and transformation. He is a purpose-driven leader focused on delivering innovation within the business and industry. In his time as President of Sun Life Canada, he has focused on helping Clients to achieve lifetime financial security and live healthier lives through initiatives that include the creation of a Client Experience Office, launch of Sun Life Health, and the launches of Sun Life One Plan and Prospr by Sun Life. Mr. Goulet has a passion for mental health which is evident both through his activism in the business community to make mental health a priority in the workplace and his commitment to improving access to mental health care in
Ms. Tan brings extensive global experience in insurance and digital innovation to Sun Life Canada. She has spent her career in leadership roles across financial services and is widely recognized for her thought leadership and execution in digital transformation and health. Most recently, Ms. Tan was co-CEO of one of
"Jacques has built a culture at Sun Life that fosters creativity and challenges the team to go even further while leveraging an owner's mindset. His leadership has resulted in Sun Life delivering positive and sustainable impact in Canadians' lives. I look forward to working with him closely in his new role," said Kevin Strain, President and CEO, Sun Life. "I am excited to have Jessica join Sun Life's Executive Team and lead the Sun Life Canada business. Jessica brings unique skills and capabilities to Sun Life and most importantly, she is a great fit for our culture with a proven track record of having a Client-focused mindset."
Ms. Tan is an active member of the global business community and has been recognized as one of Forbes' The World's 100 Most Powerful Women since 2019 and held a Top 5 ranking on Fortune's Most Powerful Women for five consecutive years, 2019 – 2023. She sits on several global boards and advisory committees. Ms. Tan is passionate about healthcare and elderly home care, and has volunteered with the
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including
Sun Life Financial Inc. trades on the
Media Relations Contact:
Jolene Sonshine
Associate Vice-President, Corporate Communications
T. 647-406-7763
jolene.sonshine@sunlife.com
Investor Relations Contact:
David Garg
SVP, Capital Management and Investor Relations
T. 416-408-8649
investor_relations@sunlife.com
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SOURCE Sun Life Financial Inc.