Sun Life Financial Inc. (TSX: SLF) plans 2027 board chair transition

Q: What board leadership change did Sun Life Financial Inc. (SLFIF) announce?

Sun Life Financial Inc. announced that Joseph Natale is expected to succeed Scott Powers as chair of the Board. The change is planned to occur after the annual meeting on May 5, 2027 , assuming Natale is re-elected as a director at that meeting.

Q: What experience does Joseph Natale bring to his new role at Sun Life Financial Inc. (SLFIF)?

Joseph Natale brings more than 30 years of leadership experience, including roles as President and CEO of Rogers Communications Inc. and TELUS Corporation. He also has extensive consulting and technology background, including senior roles at KPMG Consulting and co-founding a strategy and technology consulting firm.

Q: What roles does Joseph Natale currently hold within Sun Life Financial Inc. (SLFIF)?

Within Sun Life, Joseph Natale has been a director since February 2023 , chairs the Management Resource Committee , and serves on the Risk Committee . These responsibilities give him direct oversight of management resources and risk matters ahead of his expected transition to Board chair.

Q: What are Sun Life Financial Inc. (SLFIF)'s assets under management as of June 30, 2026?

As of June 30, 2026 , Sun Life had total assets under management of $1.70 trillion , with all figures reported in Canadian dollars. This AUM reflects its broad offerings in asset management, wealth, insurance and health solutions across multiple international markets.

Q: In which markets does Sun Life Financial Inc. (SLFIF) operate globally?

Sun Life operates in multiple markets worldwide, including Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda . These locations support its asset management, wealth, insurance and health solutions businesses.

Q: What other positions does Joseph Natale hold outside Sun Life Financial Inc. (SLFIF)?

Outside Sun Life, Joseph Natale serves as the lead independent director on the board of Shopify Inc. and is a senior advisor at Altas Partners, a private equity firm. He also holds an electrical engineering degree from the University of Waterloo and began his career as a software engineer.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

6-K

Rhea-AI Filing Summary

Sun Life Financial Inc. announced a planned Board leadership transition, with Joseph Natale expected to succeed Scott Powers as chair following the annual meeting on May 5, 2027, subject to his re-election as a director. Powers will retire as chair and from the Board after completing his full term.

Natale has been a Sun Life director since February 2023, chairs the Management Resource Committee, and sits on the Risk Committee, bringing more than 30 years of CEO and consulting experience. Sun Life had total assets under management of $1.70 trillion as of June 30, 2026, all in Canadian dollars, reflecting its global asset management, wealth, insurance and health solutions platform.

Key Figures

Annual meeting date: May 5, 2027 Assets under management: $1.70 trillion Leadership experience: more than 30 years

3 metrics

Annual meeting date May 5, 2027 Date of the annual meeting after which Joseph Natale is expected to become chair

Assets under management $1.70 trillion Total assets under management as of June 30, 2026, in Canadian dollars

Leadership experience more than 30 years Joseph Natale’s experience leading large, complex organizations

Key Terms

assets under management, Annual General Meeting, lead independent director, private equity firm

4 terms

assets under management financial

"As of June 30, 2026, Sun Life had total assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

Annual General Meeting regulatory

"to succeed Scott Powers as chair of the Board of Directors following Sun Life's Annual General Meeting"

lead independent director regulatory

"Mr. Natale currently serves as the lead independent director on the board of Shopify Inc."

A lead independent director is a board member who is not part of company management and is chosen to coordinate and represent the other independent directors, often running sessions without the CEO, helping set meeting agendas, and serving as a liaison between shareholders and the board. For investors, this role signals stronger, more balanced oversight—like a neutral referee who helps ensure decisions are fair, transparent and focused on protecting shareholder interests.

private equity firm financial

"and is a senior advisor at Altas Partners, a private equity firm."

An investment firm that raises money from wealthy individuals and institutions to buy and take control of companies, improve their operations or finances, and later sell them for a profit. Think of it like a team of home renovators that buys a house, fixes it up, and resells it; for investors, private equity firms can change company strategy, affect stock valuations, provide buyout offers, or create exit opportunities for shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 06:03 AM Accepted by SEC EDGAR 08/06/2026 - 06:08 PM

FAQ

What board leadership change did Sun Life Financial Inc. (SLFIF) announce?

Sun Life Financial Inc. announced that Joseph Natale is expected to succeed Scott Powers as chair of the Board. The change is planned to occur after the annual meeting on May 5, 2027, assuming Natale is re-elected as a director at that meeting.

When will Scott Powers retire from Sun Life Financial Inc. (SLFIF)'s Board?

Scott Powers will retire as chair and from Sun Life’s Board after completing his full term following the May 5, 2027 annual meeting. This timing reflects a planned succession process rather than an immediate or unexpected departure from his Board responsibilities.

What experience does Joseph Natale bring to his new role at Sun Life Financial Inc. (SLFIF)?

Joseph Natale brings more than 30 years of leadership experience, including roles as President and CEO of Rogers Communications Inc. and TELUS Corporation. He also has extensive consulting and technology background, including senior roles at KPMG Consulting and co-founding a strategy and technology consulting firm.

What roles does Joseph Natale currently hold within Sun Life Financial Inc. (SLFIF)?

Within Sun Life, Joseph Natale has been a director since February 2023, chairs the Management Resource Committee, and serves on the Risk Committee. These responsibilities give him direct oversight of management resources and risk matters ahead of his expected transition to Board chair.

What are Sun Life Financial Inc. (SLFIF)'s assets under management as of June 30, 2026?

As of June 30, 2026, Sun Life had total assets under management of $1.70 trillion, with all figures reported in Canadian dollars. This AUM reflects its broad offerings in asset management, wealth, insurance and health solutions across multiple international markets.

In which markets does Sun Life Financial Inc. (SLFIF) operate globally?

Sun Life operates in multiple markets worldwide, including Canada, the U.S., the U.K., Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. These locations support its asset management, wealth, insurance and health solutions businesses.

What other positions does Joseph Natale hold outside Sun Life Financial Inc. (SLFIF)?

Outside Sun Life, Joseph Natale serves as the lead independent director on the board of Shopify Inc. and is a senior advisor at Altas Partners, a private equity firm. He also holds an electrical engineering degree from the University of Waterloo and began his career as a software engineer.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

For the month of Aug 2026

Commission File Number: 001-15014

SUN LIFE FINANCIAL INC.

(Translation of registrant's name into English)

1 York Street, 31st Floor, Toronto, Ontario, M5J 0B6

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐

Form 40-F ☒


Exhibits		Description

99.1		News Release dated Aug 6, 2026

SIGNATURE

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	*Sun Life Financial Inc.* (Registrant)



Date: Aug 6, 2026	By:	/s/ “Kevin Armitage”
		Kevin Armitage
		AVP & Managing Counsel, Corporate Legal

Exhibit 99.1

Sun Life announces Chair succession

Joseph Natale to succeed Scott Powers as chair of the Board of Directors following Sun Life's Annual General Meeting in May 2027

TORONTO, Aug. 6, 2026 /CNW/ -- Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced today that Scott Powers will retire as chair and from its Board of Directors upon completing his full term of service following the company's annual meeting on May 5, 2027. Upon his re-election at the annual meeting, Joseph Natale will succeed Mr. Powers as chair. Mr. Natale has been a Sun Life director since February 2023 and currently chairs the Management Resource Committee and is a member of the Risk Committee.

"I am confident Joe will provide thoughtful oversight as Sun Life continues to advance its Purpose of helping Clients achieve lifetime financial security and live healthier lives while creating long-term value for shareholders. His customer experience, technology enablement and strategic growth expertise will continue to serve the Board and Sun Life well as the company builds on its momentum and pursues its ambition to be the best asset management and insurance company in the world," said Scott Powers.

"It has been a privilege to serve as Sun Life's chair and I'm deeply grateful to my fellow directors and our executive leadership team for the disciplined governance, collaborative spirit and long-term perspective that help drive Sun Life's success."

Mr. Natale is an accomplished public company CEO with more than 30 years of experience leading large, complex organizations through growth, transformation and change. He previously served as President and CEO of Rogers Communications Inc. and TELUS Corporation, two of Canada's largest, publicly listed companies, where he oversaw major acquisitions, new brand and business launches, customer experience initiatives and digital transformation. He also has deep experience in global consulting, having served as a global industry leader and a managing partner at KPMG Consulting, later rebranded BearingPoint Inc. Earlier in his career, he co-founded a strategy and technology consulting firm that was acquired by KPMG Consulting.

"I am honoured to be selected as Sun Life's next Board Chair. On behalf of the Board, I'd like to thank Scott for his exceptional leadership and partnership. We have all benefitted from his strategic perspective and steadfast commitment to Sun Life, its shareholders and its Clients," said Joseph Natale.

"As we prepare for this transition, I am energized by the opportunities in front of us, the unparalleled strength of the company's diversified strategy and financial discipline, and the dedication of Sun Life's people. I look forward to continuing to work with Kevin Strain and the board to further advance Sun Life's Purpose and deliver long-term value for our shareholders and Clients."

Mr. Natale currently serves as the lead independent director on the board of Shopify Inc. and is a senior advisor at Altas Partners, a private equity firm. He holds a bachelor's degree in electrical engineering from the University of Waterloo and started his career as a software engineer.

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 Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2026, Sun Life had total assets under management of $1.70 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Note to editors: All figures in Canadian dollars.

To contact Sun Life media relations, please email Media.Relations@sunlife.com.

To contact Sun Life investor relations, please email Investor_Relations@sunlife.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-announces-chair-succession-302845425.html

SOURCE Sun Life Financial Inc. - Financial News

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2026/06/c4540.html

%CIK: 0001097362

CO: Sun Life Financial Inc. - Financial News

CNW 17:03e 06-AUG-26

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents