Primerica Appoints Robert H. Peterman Jr. as COO
Primerica's New Leadership Announcement
Primerica, Inc. (NYSE:PRI), a significant player in the financial services sector catering to middle-income families across North America, has exciting news regarding its leadership. The company has announced the appointment of Robert H. Peterman Jr. as the new Executive Vice President and Chief Operating Officer. This move marks a pivotal transition for Primerica, particularly as it continues to adapt and grow within a competitive market.
Transition of Leadership
Gregory C. Pitts, the incumbent Chief Operating Officer, plans to retire after an impressive forty-year tenure at Primerica. His retirement will be effective on or around April 1, 2025, but he will officially step down from the COO role on October 1, 2024. The long notice period reflects the company’s commitment to a smooth leadership transition, ensuring that Primeirca’s operational excellence continues uninterrupted.
Insights from the CEO
Glenn Williams, Primerica’s CEO, expressed heartfelt appreciation for Pitts' contributions, stating, “For over four decades, Greg Pitts has provided high-impact leadership to Primerica. No task has been too difficult, and no responsibility has been too large for him to engage and lead.” Williams emphasized the importance of talent development within the company, noting that Pitts has successfully cultivated future leaders who will uphold Primerica's high standards.
Robert H. Peterman Jr.: A Fitting Successor
Taking over from Pitts is Robert H. Peterman Jr., who has been a vital part of Primerica for over 40 years. His most recent role prior to assuming the COO position was as Executive Vice President and Chief Distribution Officer, where he significantly impacted various operational areas. Peterman brings with him an extensive background within the company, having held influential roles that have shaped its direction and success.
Experience and Vision
During his career at Primerica, Peterman has overseen the company's distribution strategies and played key roles in recruiting, licensing, and education efforts. His leadership has already made a notable imprint on the organization, fostering an environment of growth and innovation. Peterman’s statement about his pride in being part of the Primerica family underscores his commitment to the company's mission and values, reassuring stakeholders of a bright future ahead.
About Primerica, Inc.
Founded with the vision of serving middle-income households, Primerica, Inc. is headquartered in Duluth, GA, and provides essential financial products and services. The company aims to empower clients by educating them on how to secure a stable financial future. Key offerings include term life insurance, financial planning solutions, and investment products, enabling clients to make informed decisions that align with their objectives.
As of the end of the previous year, Primerica insured approximately 5.7 million lives and managed around 2.9 million client investment accounts. Moreover, Primerica stands out as the second-largest issuer of Term Life insurance coverage in both the United States and Canada. The company’s stock is actively traded on the New York Stock Exchange under the symbol “PRI” and is also part of prominent indices such as the S&P MidCap 400 and the Russell 1000.
Frequently Asked Questions
Who is the new Chief Operating Officer of Primerica?
Robert H. Peterman Jr. has been appointed as the new Chief Operating Officer of Primerica, succeeding Gregory C. Pitts.
When will Gregory C. Pitts retire?
Gregory C. Pitts plans to retire on or around April 1, 2025, but will step down from his COO role on October 1, 2024.
What role did Robert H. Peterman Jr. hold before becoming COO?
Before assuming the role of COO, Robert H. Peterman Jr. served as the Executive Vice President and Chief Distribution Officer.
How long has Robert H. Peterman Jr. been with Primerica?
Robert H. Peterman Jr. has been with Primerica for over 40 years, holding various leadership positions throughout his career.
What kinds of products does Primerica offer?
Primerica provides a range of financial products and services, including term life insurance, mutual funds, and annuities, targeted primarily at middle-income households.
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