Toronto – Arthur Sawchuk, Chair of Manulife Financial Corporation and The Manufacturers Life Insurance Company, today announced the appointment of Gail C. A. Cook-Bennett as Vice-Chair, effective today. Dr. Cook-Bennett has been a Manulife director since 1978.
“The Manulife board is very fortunate to have someone of Gail Cook-Bennett’s caliber, experience and ability in this new role,” said Mr. Sawchuk.
As Vice-Chair, Dr. Cook-Bennett will assist the Chair in managing the affairs of the Board and ensuring that proper oversight is exercised. She will also become Vice-Chair of the Corporate Governance and Nominating Committee of the Board and she will focus on issues relating to board composition and succession planning.
“We’ve benefited enormously from her wise counsel over many years and I am looking forward to working closely with Gail in the periods ahead,” said Dominic D’Alessandro, President and CEO.
Gail Cook-Bennett is currently Chairperson of the Canada Pension Plan Investment Board, an investment management organization that invests the $121.3 billion Canada Pension Plan fund to help pay the benefits of 17 million Canadians who participate in the Plan. She is also a director of Petro-Canada and Emera Inc. Dr. Cook-Bennett holds a BA (Honours) from Carleton University, and a PhD (Economics) from the University of Michigan. She also holds a Doctor of Laws degree (honoris causa) from Carleton University and is a Fellow of the Institute of Corporate Directors.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$399.0 billion (US$400.5 billion) as at September 30, 2007.
Manulife Financial is one of two publicly traded life insurance companies in North America whose rated life insurance subsidiaries hold Standard & Poor’s Rating Services’ highest “AAA” rating and Moody’s Investor Services’ second highest “Aa1” rating, both representing financial strength.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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