LANSING, Mich. - Jackson Financial Inc. (NYSE: NYSE:JXN) announced the upcoming retirement of its Executive Vice President and Chief Financial Officer, Marcia Wadsten, after more than three decades of service. Wadsten is set to retire on June 3, 2024, with Senior Vice President Don Cummings expected to assume the CFO role on the same date.
Wadsten's tenure at Jackson Financial has been marked by significant contributions, including her role in transitioning the company to an independent public entity and establishing Brooke Life Reinsurance Company. Laura Prieskorn, President and CEO of Jackson, praised Wadsten's dedication to the company and her efforts in fostering relationships with key financial stakeholders.
Don Cummings, poised to succeed Wadsten, brings nearly 40 years of financial services experience to his new position. Before joining Jackson in 2020, Cummings held various finance roles at American International Group (NYSE:AIG), Inc., and served as interim CFO at Fortitude Reinsurance Company Ltd. He is a Certified Public Accountant and holds a Bachelor of Business Administration in Accounting from Morehead State University.
Jackson Financial, known for its commitment to simplifying retirement planning, offers a range of annuity products and services. The company emphasizes a balanced, long-term approach to serving its stakeholders, which include customers, shareholders, distribution partners, employees, regulators, and community partners.
This transition is part of Jackson's ongoing talent cultivation and succession planning efforts. Wadsten is expected to continue as an advisor to the company post-retirement to support the transition process.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.