Presidential Life has appointed PB Pheffer as new chief financial officer, replacing Dominic D’Adamo who has filled the role on an interim basis.
Prior to this, Mr Pheffer was chief financial officer for Missouri Employers Mutual Insurance. He also served as chief financial officer for Kemper Life Insurance Companies, Jackson National Life Insurance Companies and Standard Management Corporation.
Donald Barnes, vice chairman of the board and CEO and president of Presidential Life, said: Mr Pheffer’s public company experience, extensive insurance industry knowledge and talent for driving long-term organizational performance will further enhance our commitments to shareholders.
We look forward to Pete working alongside our current management team as we execute against our three-year strategic plan to strengthen our balance sheet, diversify our product portfolio and prudently manage our investment portfolio.
Presidential Life, through its subsidiary Presidential Life Insurance Company, is engaged in the sale of fixed deferred and immediate annuities, life insurance and accident & health insurance products.