StanCorp Financial Group has named Greg Ness as chairman of the board of directors of StanCorp and its subsidiary Standard Insurance Company, effective immediately.
Ness, who succeeds Eric Parsons will continue as president and CEO of StanCorp and Standard Insurance Company while Parsons will continue to serve as a member of the board.
Ness was appointed to the board in July, 2009 and first elected by shareholders in May, 2010 and his current term as a director expires in 2014.
In addition, Kay Stepp, an independent member of the board of directors, will continue to serve as lead director to provide leadership and counsel to the independent directors.
Stepp will provide leadership and counsel to the independent directors and, in conjunction with the chairman of the board, will provide leadership to the board in reviewing and deciding upon matters which exert major influence on the manner in which the company’s business is conducted.