This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Manulife Announces Chair Transition And Succession

TSX/NYSE/PSE: MFC    SEHK:945 

TORONTO, Nov. 30, 2012 /PRNewswire/ - Gail Cook-Bennett, Chair of Manulife Financial Corporation and The Manufacturers Life Insurance Company today announced on behalf of the Board of Directors, the appointment of Richard DeWolfe as Vice-Chair, effective December 1, 2012.

Gail Cook-Bennett will retire from the Board in May 2013, having reached the Board retirement age.  As Vice Chair, Mr. DeWolfe will assist the Chair in managing a smooth transition of the affairs of the Board until the 2013 Annual Meeting in May when he will become Chair.

"Over the past few months, the Manulife Board participated in a careful process to identify the next Chair," said Gail Cook-Bennett. "The Board is fortunate to have someone of Dick DeWolfe's experience, ability and knowledge of the Company take on the role of Chair," she added.

"We have benefited enormously from Dick DeWolfe's keen interest and wise counsel, as a Director at large and as Chair of the Audit Committee," said Donald Guloien.  "I am looking forward to working even more closely with Dick over the next few years," he added.

Mr. DeWolfe, who joined the Board in 2004, is currently Managing Partner of DeWolfe & Company, LLC, a real estate management and investment consulting firm.  He was formerly Chairman and CEO of The DeWolfe Companies, Inc., the largest homeownership organization in New England.  Mr. DeWolfe is a director of Avantair, Inc. and holds an Executive Masters Professional Director Certification from the American College of Corporate Directors.  Mr. DeWolfe received a BAS, Marketing and Finance from Boston University.

About Manulife Financial

Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$515 billion ( US$523 billion) as at September 30, 2012. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com

SOURCE Manulife Financial Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs