FBL Financial Group, Inc. (NYSE: FFG)
today announced that its board of directors has named James P. (Jim) Brannen to the position of Chief Executive Officer, after his service as interim Chief Executive Officer for two months. Donald J. (Don) Seibel, who currently serves as Vice President – Finance, has been named Chief Financial Officer and Treasurer, positions previously held by Brannen. Both will assume their new roles immediately. The board also declared the third quarter 2012 dividend of $0.10 per share.
Brannen Named Chief Executive Officer.
James P. Brannen has been named to the position of Chief Executive Officer after serving as interim Chief Executive Officer since July 1, 2012, following the departure of James E. Hohmann.
Commenting on Brannen’s appointment, Chairman of the Board Craig D. Hill, said, "Speaking on behalf of myself and the Board of Directors, we are very fortunate to have Jim Brannen take the helm as Chief Executive Officer. He is a proven leader who brings extensive experience and a deep commitment to the Farm Bureau niche marketplace and our multiline exclusive agents. The board is confident that we have chosen the right strategic leader as Jim is ideally suited to lead FBL Financial Group.”
Prior to his appointment as Chief Executive Officer, Brannen, age 50, served as Chief Financial Officer, Chief Administrative Officer and Treasurer since 2007. He has been with the company for more than 20 years, where he has held various positions in finance and executive management. Prior to joining FBL, Brannen worked in public accounting. A graduate of the University of Iowa, Brannen is a certified public accountant and a member of the American Institute of Certified Public Accountants and the Iowa Society of Certified Public Accountants. Brannen is also active in civic and industry organizations, currently serving on the board of directors of United Way of Central Iowa and The Greater Des Moines Partnership and previously serving as president of the board of directors of Children and Families of Iowa.