Marine Corps-Law Enforcement Foundation Honors Equitable President Nick Lane

Rhea-AI Summary

Equitable (NYSE: EQH) announces that President Nick Lane will receive the 2025 Commandant's Leadership Award from the Marine Corps-Law Enforcement Foundation (MC-LEF) at its 28th Annual Semper Fidelis Gala on April 3, 2025, in New York City.

MC-LEF, established in 1995, has awarded $93 million in scholarships to over 5,000 children of fallen U.S. Marines, Navy Corpsmen, and Federal Law Enforcement Agents. The organization currently provides $40,000 scholarship accounts per eligible child.

Lane, who leads Equitable's Retirement, Wealth Management and Protection Solutions businesses, is a former Marine Corps infantry platoon commander. He serves on the Board of Directors for AllianceBernstein and the American Council of Life Insurers. The event will also honor former Secretary of the Navy Gordon England with the 2025 Globe & Anchor Award.

NEW YORK--(BUSINESS WIRE)-- Equitable, a leading financial services organization and principal franchise of Equitable Holdings, Inc. (NYSE: EQH), is proud to announce that Equitable President Nick Lane will be honored with the 2025 Commandant’s Leadership Award by the Marine Corps-Law Enforcement Foundation (MC-LEF) during its 28th Annual Semper Fidelis Gala, scheduled in New York City on April 3, 2025.

The MC-LEF was established in 1995 with a mission to provide educational scholarships and humanitarian aid to children of active-duty U.S. Marines and Navy Corpsmen assigned to the Marine Corps, as well as Federal Law Enforcement Agents who have made the ultimate sacrifice. To date, the organization has awarded $93 million in scholarships, supporting more than 5,000 children.

The Commandant’s Leadership Award is a prestigious honor, awarded by the MC-LEF to recognize individuals who exemplify outstanding leadership qualities and who have made significant contributions to support the Marine Corps community. The list of previous winners is a distinguished group, including Stephen M. Ross, an American real estate developer, philanthropist and owner of the Miami Dolphins, known for founding Related Companies, a global real estate firm; George Shultz, a distinguished American economist, diplomat and public servant who held several key government positions, including U.S. Secretary of State; and General Peter Pace, U.S. Marine Corps (Ret.), who served as the 16th Chairman of the Joint Chiefs of Staff, the first Marine to hold this position.

“I am deeply humbled and honored to receive this recognition on behalf of the brave men and women with whom I have served, from an organization with an extraordinary mission,” said Lane. “The U.S. Marine Corps taught me the power of the human spirit and the values of honor, commitment and giving back. I am passionate about the life-changing work that MC-LEF does every day to provide educational opportunities for the children of America’s fallen heroes.”

Lane currently serves as the President of Equitable, leading the company’s Retirement, Wealth Management and Protection Solutions businesses, along with its Marketing functions. Lane has held many leadership roles in his nearly 20-year career with the company. His contributions have strengthened Equitable's position in the retirement industry and fostered a more secure and innovative environment for retirees.

Lane also serves on the Board of Directors for AllianceBernstein. Additionally, he has held leadership roles with key professional organizations to advocate for increased access to retirement solutions for all Americans. He currently serves on the Board of the American Council of Life Insurers (ACLI), and previously served as the Chairman of the Insured Retirement Institute (IRI) and Director at the Life Insurance Marketing and Research Association (LIMRA).

Before joining the private sector, Lane served in the United States Marine Corps as an infantry platoon commander. He received an MBA from Harvard Business School and a Bachelor of Arts from Princeton University.

“It’s a privilege for our Foundation to honor Nick Lane for his exceptional leadership qualities this year,” said John Keenan, President of the MC-LEF. “Through his service to our country and his leadership in the private sector, helping Americans to build a secure and dignified retirement, Nick embodies what it means to be a servant leader. Anchored in purpose, he lives the core values of the Marines: Honor, Courage and Commitment. We salute Nick for his passion in serving our military families and supporting MC-LEF’s mission to make the world a better place for children through education.”

MC-LEF currently provides a $40,000 scholarship account for every child who loses a parent serving in the U.S. Marine Corps or a Federal Law Enforcement Agency. Its mission has grown to include humanitarian aid for Marines, Corpsmen and Federal Law Enforcement Agents, including financial assistance for mentally or physically disabled children of active-duty Marines. Additionally, MC-LEF has extended support to the children of other military personnel lost in terrorist attacks.

“There is nothing more rewarding than helping others, especially the families who stand on the front lines to protect our freedom,” added Lane. “At Equitable, a Purple Heart Company, we remain committed to supporting the military community, including annual volunteerism and employee engagement with organizations such as Honor Flight Syracuse, Wreaths Across America and Veteran’s Bridge Home, as we honor and serve military veterans.”

Lane will be honored with the 2025 Commandant’s Leadership Award at the 28th Annual Semper Fidelis Gala, which will take place on April 3, 2025, at Cipriani Wall Street® in New York City. The event is dedicated to honoring the brave men and women of the U.S. Marine Corps and Federal Law Enforcement, as well as raising crucial funds to support MC-LEF’s mission. In addition to recognizing Lane, the Honorable Gordon England, former Secretary of the Navy and Deputy Secretary of Defense, will be honored with the 2025 Globe & Anchor Award. The MC-LEF will welcome several distinguished military leaders and Medal of Honor recipients at the event.

For more information about the Marine Corps-Law Enforcement Foundation or the 28th Annual Semper Fidelis Gala, please visit www.mc-lef.org or contact Sue Boulhosa at sboulhosa@mc-lef.org.

About Equitable:

Equitable, a principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With the mission to help clients secure their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 employees and Equitable Advisors financial professionals and serves 3 million clients across the country. Please visit equitable.com for more information.

Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company (NY, NY). GE-7591919.1(01/25) (exp.01/29).

View source version on businesswire.com: https://www.businesswire.com/news/home/20250218624535/en/

Media Contact:

Bill Sutton

(315) 373-9685

mediarelations@equitable.com

Source: Equitable

FAQ

What is the significance of Nick Lane's 2025 Commandant's Leadership Award from MC-LEF?

The award recognizes individuals who demonstrate outstanding leadership and have made significant contributions to the Marine Corps community. Lane joins distinguished previous recipients including Stephen M. Ross, George Shultz, and General Peter Pace.

How much has MC-LEF contributed in scholarships since its establishment in 1995?

MC-LEF has awarded $93 million in scholarships, benefiting more than 5,000 children of fallen U.S. Marines, Navy Corpsmen, and Federal Law Enforcement Agents.

What is the current scholarship amount provided by MC-LEF per eligible child?

MC-LEF currently provides a $40,000 scholarship account for each child who loses a parent serving in the U.S. Marine Corps or a Federal Law Enforcement Agency.

What positions does Nick Lane hold at Equitable (EQH)?

Nick Lane serves as President of Equitable, leading the company's Retirement, Wealth Management and Protection Solutions businesses, along with its Marketing functions. He also serves on the Board of Directors for AllianceBernstein.

When and where will the 28th Annual Semper Fidelis Gala take place?

The gala will be held on April 3, 2025, at Cipriani Wall Street in New York City.

How does Equitable (EQH) support the military community?

As a Purple Heart Company, Equitable supports the military community through annual volunteerism and employee engagement with organizations like Honor Flight Syracuse, Wreaths Across America, and Veteran's Bridge Home.