Charles P. Nelson is heading to Voya Financial as CEO of retirement.
"The exciting transformation that's taken place at Voya was a key driver in my decision. I'm delighted to join the Voya team," said Nelson. "I look forward to contributing to Voya's continued success – leveraging its strong financial profile with a focus on long-term value creation by delivering unique customer experiences integrated with a set of holistic solutions designed to enhance participant retirement income."
Nelson has more than 30 years of leadership experience in the retirement industry, most recently with Great-West Life. Nelson was president of Retirement Services for Great-West through September 2014 and most recently led the legacy retirement business of Great-West in Empower Retirement, a business unit of Great-West Life & Annuity Insurance Company.
"Charlie's track record of developing and executing profitable growth strategies for retirement businesses – while optimizing return on equity – is reflected in his well-respected standing in our industry,” said Rodney O. Martin, Jr., chairman and CEO, Voya Financial, Inc. “He will be a great addition to our executive team as we continue to focus on achieving our vision to be America's Retirement Company."
With Voya, Nelson will oversee tax-exempt and corporate markets and retail wealth management, which comprise the company's workplace and individual retirement businesses. In 2014, Voya's Retirement segment accounted for approximately 40 per cent of the company's operating earnings.
"As we shared during our earnings announcement in February, we are making strategic investments in several areas, such as digital and analytics capabilities and a cross-enterprise strategy, to support our growth efforts and increase our competitiveness," said Alain Karaoglan, Voya Financial's COO.
"Bringing an industry leader like Charlie onto our team, coupled with our investments in technology – and our ongoing efforts to continually enhance the experience of our customers, at every touch point – will sharpen our customer-centric focus, as we more closely align Retirement and Investment Management."
Nelson has more than 30 years of leadership experience in the retirement industry, most recently with Great-West Life. Nelson was president of Retirement Services for Great-West through September 2014 and most recently led the legacy retirement business of Great-West in Empower Retirement, a business unit of Great-West Life & Annuity Insurance Company.
"Charlie's track record of developing and executing profitable growth strategies for retirement businesses – while optimizing return on equity – is reflected in his well-respected standing in our industry,” said Rodney O. Martin, Jr., chairman and CEO, Voya Financial, Inc. “He will be a great addition to our executive team as we continue to focus on achieving our vision to be America's Retirement Company."
With Voya, Nelson will oversee tax-exempt and corporate markets and retail wealth management, which comprise the company's workplace and individual retirement businesses. In 2014, Voya's Retirement segment accounted for approximately 40 per cent of the company's operating earnings.
"As we shared during our earnings announcement in February, we are making strategic investments in several areas, such as digital and analytics capabilities and a cross-enterprise strategy, to support our growth efforts and increase our competitiveness," said Alain Karaoglan, Voya Financial's COO.
"Bringing an industry leader like Charlie onto our team, coupled with our investments in technology – and our ongoing efforts to continually enhance the experience of our customers, at every touch point – will sharpen our customer-centric focus, as we more closely align Retirement and Investment Management."
