Society of Actuaries Plans Future Leadership Transition
Leadership Changes at the Society of Actuaries
The Society of Actuaries (SOA), a leading organization in the actuarial field, recently shared important news regarding its leadership. Greg Heidrich, who has held the position of chief executive officer since 2007, is set to retire by the summer of 2026. This announcement marks a significant transition in the SOA's leadership, as the organization prepares for its next chapter.
Search for a Successor
The SOA has taken proactive steps to ensure a smooth leadership transition by engaging Heidrick & Struggles, a renowned executive search firm. They will conduct an international search to identify the next CEO who will guide the organization in its mission. This initiative reflects the SOA's commitment to maintaining its strategic objectives, which focus on optimizing the candidate pipeline, expanding its global footprint, and leveraging artificial intelligence for future innovation.
Greg Heidrich’s Contributions
Greg Heidrich expressed his gratitude for the opportunity to serve the SOA over the last 18 years. He highlighted the importance of teamwork and dedication among the Board, staff, and volunteer leaders, which contributed to the SOA’s growth both nationally and internationally. Under his leadership, the organization made strides in educational pathways and research programs tailored to meet the evolving needs of members and candidates.
Enhancements in Education and Research
During his tenure, Heidrich oversaw significant advancements within the Fellowship pathway, providing candidates with more effective learning experiences that are globally relevant. Additionally, he played a crucial role in launching university support programs such as the Centers of Actuarial Excellence (CAE) and the University-Earned Credit program.
Innovation in Credentialing
Heidrich also spearheaded the development of new credentialing avenues, such as the General Insurance track, ensuring the SOA remains at the forefront of actuarial education across diverse disciplines. These developments are essential to maintaining the SOA's reputation as a leader in global actuarial services.
Global Expansion Initiatives
The Society of Actuaries has enjoyed substantial global growth under Heidrich's leadership. The organization has established offices in key locations worldwide, including Beijing, Hong Kong, and Dubai, broadening its reach in the actuarial community. This expansion emphasizes their commitment to delivering professional development opportunities tailored to various regions like Asia and the Middle East.
Appreciation for Leadership
The SOA Board of Directors expressed heartfelt appreciation for Greg Heidrich's nearly two decades of exceptional service. Amanda Hug, the SOA President and Chair, acknowledged Heidrich’s thoughtful guidance that enabled the SOA to thrive amid challenges while focusing on operational excellence.
Looking Ahead
While the organization searches for a new CEO, Greg Heidrich will continue to lead the SOA, providing stability during this transition. His extensive experience and dedication to the actuarial profession will help pave the way for upcoming leadership.
About the Society of Actuaries
Founded in 1889, the Society of Actuaries is the largest professional organization for actuaries globally, boasting over 34,000 members in more than 100 countries. The SOA is committed to empowering its members to manage financial risks effectively. To find out more about their initiatives, visit the SOA website.
Frequently Asked Questions
What is the Society of Actuaries?
The SOA is the largest professional organization for actuaries, focusing on education and professional development.
Who is the current CEO of the SOA?
Greg Heidrich has been the CEO since 2007 and is set to retire in 2026.
What is the SOA's mission regarding global growth?
The SOA aims to expand its global presence by providing targeted professional development and education.
How has the SOA improved its educational pathways?
The SOA has enhanced educational pathways by introducing flexible programs and updated credentialing tracks.
Who is assisting the SOA in the CEO search?
Heidrick & Struggles is facilitating the international search for the SOA's next CEO.
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