TSX/NYSE/PSE: MFC SEHK:
945
TORONTO, March 5,
2024 /PRNewswire/ - Manulife announced today that
Mike Durland and Don Kanak have been appointed to its Board of
Directors, effective March 5, 2024,
and Anna Manning and John Wong have been nominated for election as
directors at the company's May 9,
2024 annual meeting of shareholders.
Mr. Durland is a former senior executive at The Bank of
Nova Scotia, holding a number of
senior roles in their capital markets division, including Group
Head and CEO, Global Banking and Markets. He is currently the Chief
Executive Officer of Melancthon Capital Corporation, a private
company primarily focused on the provision of capital and advisory
services to emerging Canadian companies. He holds a Bachelor of
Commerce from Saint Mary's University
and a Ph.D. in Management from Queen's University.
Mr. Kanak is a former senior executive with deep insurance
experience in Asia. Most recently,
he held several senior roles with Prudential Holdings Ltd. (part of
Prudential plc.). He ultimately served as Chairman, Insurance
Growth Markets and Chairman, Prudence
Foundation and, prior to that, Chairman, Eastspring
Investments and Chairman of Prudential Corporation Asia. He served
in senior executive positions at American International Group (AIG)
for over 14 years before joining Prudential. He holds a Bachelor of
Arts from the University of North
Carolina, a JD from Harvard Law
School, and a MLitt from Oxford
University in management studies.
Ms. Manning is the former President and Chief Executive Officer
of Reinsurance Group of America, Incorporated (RGA), a global
reinsurance company focusing on life and health solutions. Prior to
joining RGA, she spent 19 years with the Toronto office of Towers Perrin's Tillinghast
insurance consulting service, providing consulting services to the
insurance industry on mergers and acquisitions, value-added
performance measurement, product development, and financial
reporting. She is a Fellow of the Society of Actuaries and the
Canadian Institute of Actuaries and holds a B.Sc. in Actuarial
Science from the University of
Toronto.
Mr. Wong is a former Senior Partner and the former Chairman of
Greater China for Boston
Consulting Group, where he currently serves as a Senior Advisor. He
is a trusted consultant with over 30 years of experience serving
global clients in the Asian healthcare market and a deep expertise
in building businesses in biopharmaceuticals, medical technology,
and consumer health. Mr. Wong holds an MBA from Harvard University, an M.Sc. in Chemical
Engineering from the Massachusetts Institute
of Technology, and B.Sc. in Chemical Engineering from
Imperial College London.
"Mike, Don, Anna and John bring skills and experience critical
to supporting the Board of Directors' effective oversight of
Manulife given its growth ambitions and strategic priorities," said
Don Lindsay, Chair of the Board,
Manulife. "They are accomplished executives who bring a wealth of
experience, including in the financial services and insurance
industries, as well as extensive global and Asia market knowledge. We are fortunate to
have them join the Board."
Mr. Durland joins the Board's Audit Committee and Corporate
Governance and Nominating Committee and Mr. Kanak joins the
Management Resources and Compensation Committee and Risk Committee.
Ms. Manning will join the Management Resources and Compensation
Committee and the Risk Committee and Mr. Wong will join the Audit
Committee and Corporate Governance and Nominating Committee
following successful election at the annual meeting of
shareholders.
About Manulife
Manulife Financial Corporation is a leading international
financial services provider, helping people make their decisions
easier and lives better. With our global headquarters in
Toronto, Canada, we provide
financial advice and insurance, operating as Manulife across
Canada, Asia, and Europe, and primarily as John Hancock in the
United States. Through Manulife Investment Management, the
global brand for our Global Wealth and Asset Management segment, we
serve individuals, institutions, and retirement plan members
worldwide. At the end of 2023, we had more than 38,000 employees,
over 98,000 agents, and thousands of distribution partners, serving
over 35 million customers. We trade as 'MFC' on the Toronto, New
York, and the Philippine stock exchanges, and under '945' in
Hong Kong.
Not all offerings are available in all jurisdictions. For
additional information, please visit manulife.com.
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SOURCE Manulife Financial Corporation