The board of Ohio National Financial Services has named Barbara Turner to succeed Chris Carlson as its president, effective Nov. 30.
Chris Carlson will be retiring for personal reasons after 25 years with the company, the company announced earlier this week.
Gary “Doc” Huffman, the Cincinnati-based company’s chairman and chief executive officer, will continue to be the chairman and CEO, the company said.
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In September, Ohio National startled agents by announcing that it was withdrawing from the variable annuity market and ending its variable annuity broker compensation arrangements. Broker-dealers have taken the company to court over the compensation changes.
The company did not mention that move in the announcement of Carlson’s retirement.
Carlson said in a statement included in the announcement that retiring was a difficult personal decision.
“It in no way diminishes the confidence I have in Ohio National’s team, strategy and future,” Carlson said in the statement.
Carlson began working for the company in 1993 as an investment manager for mortgages and real estate. He has worked in many posts at Ohio National over the years. He became vice chairman for strategic businesses in 2014, and he became president and chief operating officer in August of this year, according to his LinkedIn entry.