LANSING â€” Jackson National Life Insurance will haveÂ new leadership next year.Â
CEO Barry Stowe plans toÂ retire on Dec. 31, according to a news release.
Michael Falcon, who has served as CEO of Asia Pacific for J.P. Morgan Asset Management since 2015, will become Jackson’s CEOÂ on Jan. 7.Â
From 2000 to 2008, FalconÂ worked at Merrill Lynch. He later served as a consultant and strategic adviser to companies in the retirement, equity awards, wealth management and asset management industries beforeÂ joining J.P. Morgan Asset Management in 2010. Falcon will divide his time between Nashville, Tennessee and Lansing.Â
â€śI am delighted to be joining theÂ JacksonÂ team, which has consistently delivered positive results for consumers and shareholders,â€ť Falcon said in a news release. â€śI look forward to building on this success to further meet the growing retirement needs of American families.â€ťÂ
Stowe has led the North American business unit of Prudential plc, which includesÂ JacksonÂ and its affiliates, since 2015. He joined Prudential in 2006 as chief executive of Prudential Corporation Asia and has been a member of the Prudential plcâ€™s board of directors and group executive committee for 12 years.
â€śI am pleased to be handing the reins to Michael,â€ť Stowe said in a news release. â€śI have no doubt whatsoever that Prudentialâ€™s US businesses will flourish under Michaelâ€™s leadership,Â and I wish him and the team every possible success.â€ť
Contact reporter Haley Hansen at (517) 267-1344 or [email protected] Follow her on Twitter @halehansen.
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