StanCorp Financial names new president, COO

By Associated Press
September 11, 2008 | Comments (0)

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Buy Now!

StanCorp Financial Group Inc., an insurance provider, on Thursday named Greg Ness president and chief operating officer, effective immediately.

Ness also takes the same titles at StanCorp's largest subsidiary, Standard Insurance Co.

Ness, 50, joined Standard Insurance Co. in 1979 and most recently served as senior vice president, insurance services.

Eric Parsons, the prior president, remains chairman and chief executive. He was also the last person to hold the COO title, until he was promoted in 2003.

StanCorp provides financial products and services through its subsidiaries including The Standard Life Insurance Co. of New York.

In July, StanCorp said its second-quarter profit slipped 7 percent due to net capital losses.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 725843, ~/articles/articlehandler.aspx, 1/8/2009 12:28:04 AM

Sign up for FREE Motley Fool site access to keep reading:

“StanCorp Financial names new president, COO”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.