Lincoln Financial Group Strengthens Its Defined Contribution Products Team
Michael Conte Named Vice President and Small Market Business Leader for Defined Contribution Products
PHILADELPHIA, March 7, 2011 — Lincoln Financial Group (NYSE:LNC) today announced the appointment of Michael Conte as Vice President, Small Market Business Leader for the company's Defined Contribution Products team. In this new position, Conte will report to Eric Levy, Senior Vice President and Head of Defined Contribution Products, and will oversee cross-functional initiatives to help grow Lincoln's revenue and earnings in the small market space — an area where the company sees a significant opportunity for growth.
"We are confident in Michael's abilities to drive product and deal management, as well as solution, business and strategy development necessary for the success of Lincoln's small market business," Levy said. "This appointment follows Lincoln's renewed focus of resources to the large and small case market, as well as strategic new hires to the DC Products team. These investments position us well to deliver the best product solutions for plan sponsors and intermediaries that ultimately drive better retirement outcomes for participants."
During his 13-year tenure at Lincoln Financial Group, Conte has held numerous leadership positions across a variety of functional areas including Sales, Internal Sales and Compliance, and Retirement Plan Administration for Delaware Investments. Most recently Conte served as DC Product and Relationship Manager for Lincoln Financial Distributors. He holds Series 6 and 63 designations and earned a bachelor's degree in business administration from Rider University.
In addition to Conte's new position, Lincoln has appointed seasoned senior-level employees John Weber in a new role as Vice President, Multi-Fund Business Leader and Bob Melia as Vice President, Defined Contribution Product Development. Both positions, reporting to Levy, will help Lincoln's Defined Contribution business enhance its growing presence in the market and capitalize on industry trends.
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 $157 billion as of December 31, 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.