Richard Bielen is preparing to take over as the chief executive officer of Protective Life Corp. July 1.
John Johns, the current CEO, will become the company’s executive chairman, the company said last week.
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The Birmingham, Alabama-based insurer is a subsidiary of Tokyo-based Dai-Ichi Life Holdings Inc. Dai-Ichi Life acquired the company in 2015.
Johns, 65, has been an executive at Protective Life since 1993. He succeeded Drayton Nabers Jr. as the company’s CEO in 2002.