American Equity Investment Life Holding Company (NYSE: AEL), a leading underwriter of index and fixed rate annuities, announced today the following changes to its executive officers:
- John M. Matovina was named Chief Executive Officer and President. Mr. Matovina, age 58, was previously Chief Financial Officer and Treasurer and was serving as interim Chief Executive Officer and President. Mr. Matovina has served on American Equity’s Board of Directors since 2000 and has also served as Vice Chairman since 2003.
- Ted M. Johnson was named Chief Financial Officer and Treasurer. Mr. Johnson, age 42, was previously Vice President – Controller. Prior to joining American Equity in August 2000, Mr. Johnson was a senior manager with Ernst & Young LLP working primarily on audit clients in the insurance industry. Mr. Johnson is a certified public accountant and has over 19 years of experience in the life insurance industry.