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Lincoln National Corporation (NYSE:LNC), a $5.7 billion market cap insurance company with a FAIR financial health rating according to InvestingPro, announced a change in its board of directors and an amendment to its bylaws. The company, which has maintained dividend payments for 55 consecutive years, is currently trading at $33.67. Janet Liang resigned from her position as a director, effective immediately on January 30, 2025. Her departure is linked to a new employment opportunity and not due to any disagreements with the company’s operations or practices. With the company’s next earnings report due on February 6, investors can access detailed analysis and additional InvestingPro insights about Lincoln National’s financial performance and outlook.
Following Liang’s resignation, the board approved a reduction in the number of authorized board members from eleven to ten. This amendment to the company’s bylaws was effective as of January 31, 2025.
The information presented in this article is based on a recent SEC filing by Lincoln National.
In other recent news, Lincoln Financial Group has announced the appointment of Tom Morelli as Vice President of Investment Distribution. With over 25 years of experience in the sector, Morelli joins Lincoln Financial from T. Rowe Price, where he was Head of Wealth Management. His new role will involve leading the distribution of Lincoln’s extensive range of investment products.
Morelli’s past experience includes managing all aspects of sales and infrastructure at T. Rowe Price, contributing to significant sales growth and increased assets. This experience is expected to enhance Lincoln’s distribution strategy, a critical aspect of the company’s business model.
John Kennedy, Executive Vice President, Chief Distribution and Brand Officer at Lincoln Financial, expressed confidence in Morelli’s ability to expand the distribution of solutions that cater to the changing needs of customers. This development is part of Lincoln Financial’s ongoing efforts to enhance its investment solutions distribution.
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