William W. Lovatt, Great-West Life executive vice-president and chief financial officer (CFO), plans to retire in mid-2015.
He’s been with the organization for 35 years, including the last 17 years as CFO.
In conjunction with Lovatt’s upcoming retirement, the company announced that Garry MacNicholas, currently executive vice-president, actuarial and risk, will be appointed to the role of executive vice-president and CFO effective March 31, 2015. Following that date, Lovatt will remain in an advisory role to MacNicholas until his retirement.
“Bill has provided outstanding leadership as chief financial officer, particularly during Great-West Lifeco’s expansion in Canada, the United States and Europe and the more recent period of global financial turbulence,” says president and CEO Paul Mahon. “We thank Bill for his many years of service and dedication to our organization.”
MacNicholas joined Great-West Life subsidiary Canada Life in 1982 and has held a wide variety of roles with increasing responsibility in the actuarial, insurance, reinsurance and wealth management business units in Toronto, Regina and the United Kingdom. He is a fellow of the Society of Actuaries and Canadian Institute of Actuaries.
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