RADNOR, Pa., July 15, 2013 /PRNewswire/ -- Lincoln Financial Group (NYSE: LNC) announced that Steven Budzynski has joined the company as senior vice president and head of Procurement, effective today. Central to his role in the newly created position, Budzynski, 48, is responsible for implementing a companywide sourcing, purchasing and procurement strategy. He reports directly to Randy Freitag, executive vice president and chief financial officer.
"Steven is an accomplished executive with 25 years of global strategic sourcing and supply management experience," said Freitag. "He has a proven track record of implementing strategic programs that align with business objectives. This move places increased strategic focus on the procurement process and is designed to increase performance and drive greater cost savings."
Prior to joining Lincoln Financial, Budzynski served as director of North America Sourcing and Procurement for Tyco International. He also spent more than a decade at GlaxoSmithKline, where he served as director of Procurement Transformation Program Management, director of Global IT Procurement and vice president of Corporate Services and Operations Procurement.
Budzynski earned a master's degree in Business Administration from Drexel University and a bachelor's degree in Industrial Management from the University of Oklahoma. He holds Certified Purchasing Manager and Certified Professional in Supply Management accreditations from the Institute for Supply Management. Budzynski is also a member of the SAP Procurement Executive Council, and he earned an Operational Excellence Green Belt certification in 2006.About Lincoln Financial Group Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $186 billion as of March 31, 2013. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.lincolnfinancial.com. (Logo: http://photos.prnewswire.com/prnh/20050830/LFLOGO ) SOURCE Lincoln Financial Group
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV