The Standard Announces Leadership Team and Organizational Changes

Standard Insurance Company announced that Scott Hibbs, vice president and chief investment officer, will retire at the end of December. The company also announced several leadership team and organizational changes that support the company’s continued focus on growth and innovation.

“Their promotions reflect our longstanding commitment to leadership development and growing a talent pipeline that is ready to meet the evolving needs of our customers in a rapidly changing marketplace.”

“Scott’s leadership has been integral to the ongoing innovation and success across our asset management businesses,” said Dan McMillan, president and chief executive officer of The Standard. “His focus, deep expertise and many contributions to company culture and performance will be missed. All of us at The Standard wish him well in retirement.”

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Hibbs joined The Standard in 2000 as assistant vice president of Investor Relations and Financial Planning. He has served as vice president of the company’s asset management businesses since 2009 and became chief investment officer in 2013.

In his current role, Hibbs has executive responsibility for investment management and the company’s asset management businesses, comprising Retirement Plans, Individual Annuities, Fixed Income and the Commercial Mortgage loan and Real Estate businesses. Beginning in 2022, responsibility of these areas will be split and overseen by two leaders:

Chris Beaulieu, currently vice president of Individual Annuities and Investments, will join The Standard’s senior leadership team and has been promoted to vice president and chief investment officer effective Jan. 1, 2022. In his new role, Beaulieu will lead enterprise Investment Management, Fixed Income, the Commercial Mortgage Division and Real Estate.

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AJ Ijaz, currently vice president of Retirement Plans, will also join The Standard’s senior leadership team and has been promoted to vice president of the Asset Management Group effective Jan. 1, 2022. His new role will include responsibility for Retirement Plans, Institutional Products and Individual Annuities.

“Chris and AJ are experienced, proven leaders with deep expertise and an energy for people and innovation,” said McMillan. “Their promotions reflect our longstanding commitment to leadership development and growing a talent pipeline that is ready to meet the evolving needs of our customers in a rapidly changing marketplace.”

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