Voya Financial appoints Michael Katz as chief financial officer

Rhea-AI Summary

Voya Financial (NYSE: VOYA) has announced Michael Katz as its new chief financial officer, effective Jan. 1, 2025. Katz, a 20-year veteran of Voya and its predecessor ING U.S., will succeed Don Templin, who is retiring. Katz currently serves as executive vice president of Finance and is a member of Voya's Executive Committee. He will report to CEO Heather Lavallee.

Katz's appointment comes after a long tenure with the company, during which he played key roles in Voya's initial public offering, the sale of its annuities and life businesses, and the strategy to grow its Health, Wealth and Investment Management businesses. His responsibilities will include overseeing all aspects of finance and investor relations for Voya.

Positive

• Appointment of a long-term company veteran as CFO, ensuring continuity and deep understanding of the business
• Smooth transition plan with current CFO staying on as strategic advisor until retirement
• New CFO has extensive experience in strategy and knowledge of Voya's businesses
• Katz played key roles in major company milestones, including IPO and business sales

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA) announced today that Michael Katz has been named chief financial officer (CFO), effective Jan. 1, 2025. He will report to Heather Lavallee, Voya's chief executive officer.

Katz, who has been with Voya and its predecessor ING U.S. for more than 20 years, currently serves as executive vice president of Finance and is a member of Voya’s Executive Committee.

Katz will succeed Don Templin, who has been serving as Voya’s CFO since November 2022 and recently made the decision to retire. To ensure a smooth transition of his responsibilities, Templin will serve as a strategic advisor to Voya from Jan. 1, 2025, until his retirement in the first quarter of 2025.

“Don’s guidance and insight over the past two years have played a critical role in the strategic direction and future growth at Voya,” said Lavallee. “During his time at Voya, Don quickly became a trusted advisor to me. I am grateful for his leadership as well as his passion for the business and our people, including the strong team of financial professionals who will continue to support Mike. We thank Don for his continued support and wish him and his family all the best as he embarks on a new chapter in retirement, concluding a truly remarkable career.”

“I am also delighted to continue working with Mike in his new role. His deep experience in strategy, knowledge of our businesses, and focus on execution makes him an ideal CFO for the next phase of our growth,” added Lavallee. “Mike played instrumental roles in the key inflection points of Voya’s journey as a public company, including its initial public offering, the sale of Voya’s annuities and life businesses, and the strategy to profitably grow our Health, Wealth and Investment Management businesses.”

In addition to his responsibilities as an Executive Committee member, as CFO, Katz will continue to be responsible for investor relations as well as all aspects of finance for Voya.

Previously, Katz held the position of Voya’s chief strategy, planning and investor relations officer, and from 2018 to 2020, was senior vice president, head of investor relations and enterprise financial planning and analytics. He has also served as chief financial officer for Voya’s Annuities, Individual Life and Employee Benefits businesses. Katz is a Fellow of the Society of Actuaries and holds a bachelor’s degree in actuarial science from Pennsylvania State University.

About Voya Financial^®
Voya Financial, Inc. (NYSE: VOYA) is a leading health, wealth and investment company with approximately 9,000 employees who are focused on achieving Voya’s aspirational vision: “Clearing your path to financial confidence and a more fulfilling life.” Through products, solutions and technologies, Voya helps its 15.2 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a Voya company and a leading benefits administration provider, extends the reach of Voya’s workplace benefits and savings offerings by engaging directly with over 12 million employees in the U.S. Certified as a “Great Place to Work” by the Great Place to Work^® Institute, Voya is purpose-driven and committed to conducting business in a way that is economically, ethically, socially and environmentally responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies^® by Ethisphere; a member of the Bloomberg Gender-Equality Index; and a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Instagram.

VOYA-IR VOYA-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20240904554653/en/

Media Contact:

Laura Maulucci

Voya Financial

(508) 353-6913

Laura.Maulucci@voya.com

Investor Contact:

Me Ni Chu

Voya Financial

(212) 309-8999

IR@voya.com

Source: Voya Financial, Inc.

FAQ

When will Michael Katz become CFO of Voya Financial (VOYA)?

Michael Katz will become CFO of Voya Financial (VOYA) effective January 1, 2025.

Who is Michael Katz replacing as CFO at Voya Financial (VOYA)?

Michael Katz is replacing Don Templin, who has been serving as Voya Financial's CFO since November 2022 and is retiring.

What is Michael Katz's current role at Voya Financial (VOYA)?

Michael Katz currently serves as executive vice president of Finance and is a member of Voya Financial's Executive Committee.

What key roles has Michael Katz played in Voya Financial's (VOYA) history?

Michael Katz played instrumental roles in Voya's initial public offering, the sale of Voya's annuities and life businesses, and the strategy to grow its Health, Wealth and Investment Management businesses.