Kansas City Life Announces Election of Walter E. Bixby as President and Chief Executive Officer

Rhea-AI Summary

Kansas City Life Insurance Company has announced the election of Walter E. Bixby as President and CEO, succeeding his brother, Philip Bixby, who recently retired. Walter Bixby brings over 40 years of experience within the company, having held several key positions, including Vice Chairman and President of Old American Insurance Company. Kansas City Life, established in 1895, operates in 49 states and the District of Columbia, providing financial protection through life insurance and annuities.

Positive

• Walter Bixby has over 40 years of experience in various roles with Kansas City Life.
• The leadership transition is smooth with a family member continuing to lead the company.

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• None.

KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that the Board of Directors has elected Walter E. "Web" Bixby, LLIF, as President and Chief Executive Officer of Kansas City Life Insurance Company. He is currently also Vice Chairman of the Board of Kansas City Life, President of Old American Insurance Company, President and Chief Executive Officer of Grange Life Insurance Company.

Mr. Bixby has worked in various roles during his 40 years with the Company. He was elected Assistant Vice President of the Company in 1985; Vice President, Marketing in 1990; Vice President, Marketing Operations in 1992; President of Old American in 1996, Vice Chairman of the Board in 2005; Executive Vice President in 2012; Chief Executive Officer of Grange Life in 2018, and President of Grange Life in 2022.

Mr. Bixby is a fourth-generation member of the Bixby family that has led the Company since 1904. He also serves as a Director of Old American Insurance Company, Grange Life Insurance Company, and Sunset Financial Services, subsidiaries of Kansas City Life.

Mr. Bixby is succeeding the positions of President and Chief Executive Officer after the announcement of the retirement of his brother R. Philip Bixby.

Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri. The Company's primary business is providing financial protection through the sale of life insurance and annuities. The Company operates in 49 states and the District of Columbia. For more information, please visit www.kclife.com.

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SOURCE Kansas City Life Insurance Company

FAQ

Who is the new CEO of Kansas City Life Insurance Company?

Walter E. Bixby has been elected as the new CEO.

What position did Walter E. Bixby hold before becoming CEO?

He was the Vice Chairman of the Board of Kansas City Life.

When was Walter E. Bixby appointed as CEO?

He was appointed on April 25, 2022.

What is the stock symbol for Kansas City Life Insurance Company?

The stock symbol is KCLI.

Who did Walter E. Bixby succeed as CEO?

He succeeded his brother, Philip Bixby.