Dick Mucci will be retiring from his current position as president of Lincoln Financial Group’s group protection business Dec. 31, the company announced today.
Eric Reisenwitz, who has been the unit’s chief operating officer, will become the unit’s interim president, the company said.
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Dennis Glass, president of the Radnor, Pennsylvania-based parent company, said in a statement that Mucci has made tremendous contributions to Lincoln and the insurance industry.
“He has not only built an industry-leading business, but also a strong leadership team, leaving Lincoln in a great competitive position,” Glass said in the statement.
Reisenwitz’s appointment as interim president will help Lincoln make a fully informed determination about future leadership, Glass said.
Mucci took over as head of the group protection unit in 2014. He been in charge as the unit has grown significantly and achieved improvement in profitability, Lincoln said.
Reisenwitz will be responsible for the continued growth and profitability of the business, as well as product development, underwriting, distribution, claims, service, strategy and marketing, the company said.
Reisenwitz has been working Lincoln since 2012. Before that, he was an executive at MetLife, Aetna, Cigna and other companies.
— Read Mucci To Continue To Run Hartford Benefits Business, on ThinkAdvisor.