A New Era Begins at Sammons Financial Group
Sammons Financial Group has recently made a significant transition at the leadership level within its financial department. Chief Financial Officer Don Lyons has announced his upcoming retirement, marking the end of over two decades of service that reshaped the company’s financial operations. His retirement is set to take effect in the near future, paving the way for a new leadership dynamic.
Don Lyons: A Legacy of Leadership
Joining Sammons Financial Group in 2002, Don Lyons has been an integral part of the organization's evolution, demonstrating his expertise in financial and corporate services. Over these years, he has held various positions, but it was in 2013 that he stepped into the role of Chief Financial Officer, where his impact was felt deeply across the organization. His journey began when the company was just starting to develop its annuity products, an area that has now flourished under his guidance.
Financial Transformation Under Lyons’ Tenure
During Lyons’ time at the helm, he was responsible for driving numerous initiatives that advanced the company into new markets. He showed exceptional leadership in areas such as operational planning, corporate development, and risk management. His ability to navigate and strategize within an ever-changing industry landscape has been crucial to the company's stability and growth.
Esfand Dinshaw, the Chief Executive Officer, remarked on Lyons’ tenure, highlighting the entrepreneurial spirit that Lyons has instilled in the team. Dinshaw stated that Lyons' contributions were vital in shaping their financial services vision and establishing Sammons Financial Group as a leader in the industry.
Introducing David Attaway as the New CFO
With Lyons setting the stage for retirement, Sammons Financial Group has appointed David Attaway as the new Chief Financial Officer. Attaway joined the organization in 2018 and has risen through the ranks, amassing valuable experience and knowledge that will be beneficial in his new role. Formerly, he served as the CFO and Treasurer for key member companies, where he oversaw extensive financial operations.
Attaway’s Vision for the Future
David Attaway's leadership is anticipated to foster continued growth and innovation within Sammons Financial Group. His extensive background in the insurance sector, coupled with his hands-on experience in strategic financial operations, puts him in an excellent position to lead the organization forward. Dinshaw expressed his confidence in Attaway’s readiness to take on the challenges ahead, emphasizing his understanding of the company's operations and future objectives.
Attaway has been a pivotal figure in several key developments within the company, including the acquisitions of Beacon Capital Management and NorthRock Partners, which have expanded Sammons Financial’s wealth management capabilities. His role on the boards of these companies showcases his commitment to strategic financial growth.
A Streamlined Transition
Sammons Financial Group plans to manage a seamless transition from Lyons to Attaway, beginning in the last quarter of the year. This strategic shift aims to ensure that the momentum built under Lyons’ leadership continues as they move into 2025 and beyond. The transition period will focus on solidifying the vision and strategy that Attaway will carry forward.
About Sammons Financial Group
Sammons Financial Group, a dedicated entity in the financial services industry, is known for its commitment to empowering families and businesses alike. With its employee-owned structure and a strong presence in the Midwest, the company thrives by helping individuals and organizations reach their financial goals. The enduring stability of Sammons Financial Group is backed by a history of reliable service and innovative solutions.
Frequently Asked Questions
What prompted Don Lyons' retirement?
Don Lyons announced his retirement to make way for new leadership within the financial department after years of dedicated service.
Who will replace Don Lyons as CFO?
David Attaway has been appointed as the new Chief Financial Officer to succeed Don Lyons.
What has been Don Lyons' role at Sammons Financial Group?
Don Lyons served as Chief Financial Officer and was instrumental in shaping the company's financial strategies and operations since joining in 2002.
How long has David Attaway been with the company?
David Attaway joined Sammons Financial Group in 2018 and has held several progressively responsible finance-related roles.
What are Sammons Financial Group's core services?
The company offers a range of financial services aimed at empowering families and businesses, focusing on insurance and wealth management solutions.
