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UNM > SEC Filings for UNM > Form 8-K on 23-Jun-2009All Recent SEC Filings

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Form 8-K for UNUM GROUP


23-Jun-2009

Change in Directors or Principal Officers


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 22, 2009, Unum Group ("Unum Group" or the "Company"), a Delaware corporation, announced that Richard P. McKenney has been appointed Executive Vice President and Chief Financial Officer (principal financial officer) effective August 10, 2009, following the filing of the Company's Form 10-Q for the quarterly period ended June 30, 2009. Before assuming his position as the Company's Chief Financial Officer, Mr. McKenney will join the Company as an Executive Vice President on July 20, 2009.

Mr. McKenney, 40, had served as Executive Vice President and Chief Financial Officer of Sun Life Financial, an international financial services organization, since 2007, having joined Sun Life as Executive Vice President in 2006. Prior to Sun Life, Mr. McKenney was the Senior Vice President - Chief Financial Officer of Genworth Financial, Inc., a financial security company providing insurance, wealth management, investment and financial services, having served in that position since May 2004.

Mr. McKenney will receive a base salary of $650,000, an annual incentive target of $650,000 (which is guaranteed for 2009), a long term incentive target award of $975,000 (which is guaranteed for 2009), a hiring bonus of $300,000, and a grant of restricted stock units with a value of $3 million. He will participate in the same benefit programs, as amended from time to time, as the Company's other executive officers.

Robert C. Greving, the company's current Executive Vice President, Chief Financial Officer and Chief Actuary, announced in February his intention to retire during 2009. Mr. Greving will step down from his current positions effective August 10, 2009 but will remain with the company for a period still to be determined to assist Mr. McKenney's transition into his new role.

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