Andrew J. Powers Joins Lincoln Financial Group as Vice President, Defined Contribution Strategy
PHILADELPHIA, September 10, 2010 — Lincoln Financial Group (NYSE:LNC) today announced that Andrew J. Powers has joined Lincoln Financial Group as Vice President, Defined Contribution Strategy. Reporting to Duane Bernt, Head of Finance and Strategy for the Defined Contribution business, Powers will lead the efforts for the company's overall Defined Contribution strategy, with a focus on mergers and acquisitions and growth opportunities.
"This position was created to help Lincoln capitalize on the growing need for people to save for retirement in employer-sponsored plans," said Bernt. "With Drew's extensive experience in the retirement plan industry, we are well-positioned to expand our presence in the marketplace."
Powers joins Lincoln with more than 20 years experience in the retirement plan industry. Prior to this role, he was Division Vice President at UNIFI Companies Retirement Plans. During his tenure, he managed areas of sales, marketing, finance, actuarial, distribution management, field service, project management, systems and quality control. Prior to UNIFI, Drew held positions with Scudder, Kemper and Aetna. He is a board member for the SPARK Institute and currently holds memberships with the LIMRA Pension Committee, the Innovation & Growth Forum for the Spectrum Group and the RRI Steering Committee.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $140 billion as of June 30, 2010. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance;
401(k) and 403(b) plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.