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Foresters Financial Welcomes New Leadership to Its Board of Directors

Foresters Financial™, the fraternal life insurer known for its purpose-driven approach, has recently announced new leadership appointments to its Board of Directors. This transition marks a new four-year term aimed at enhancing member welfare and furthering the company’s commitment to innovation. The re-election of experienced board members alongside new independent directors signals a robust strategy for future growth.

Re-Elected and New Directors

Among those who have been re-elected to continue their service on the board are industry veterans such as Katherine A. Bardswick, Michael C. Edge, and Richard P. Hennick. Each brings a wealth of experience and a strong commitment to the values that have long defined Foresters Financial.
Joining the board for the first time as independent directors are notable figures including:

• - Lynn E. Oldfield: Former President and CEO of AIG Insurance Company of Canada, bringing extensive leadership experience.
• - Linda J. Seymour: Recently appointed Group General Manager of HSBC Canada, instrumental in navigating the company through a significant transition.
• - Martin I. Sheerin: Former CFO of John Hancock Financial Services with vast expertise in governance and risk management.
• - Nikki L. Sorum: Former Head of Sales and Distribution at Thrivent, renowned for her leadership in the financial advisory sector.

The board will be chaired once again by Daniel Fortin, who has expressed his ongoing commitment to uphold the organization’s mission. “It’s an honor to serve an organization that has stood the test of time by remaining true to its purpose,” said Mr. Fortin. He emphasized the board's dedication to meeting the evolving needs of members while upholding foundational values.

New Leadership and Vision

In addition to Fortin's reappointment, the member leaders have also re-elected Richard Hennick as the International Fraternal President, with Shelly Herman stepping into the role of International Fraternal Vice President. This continuity in leadership ensures that Foresters will continue to advocate for its members and enhance their overall experience.

Foresters Financial President and CEO Matt Berman expressed enthusiasm for what lies ahead. “We are grateful to our Board members, both new and returning, for their guidance as we reimagine the impact of life insurance in our members’ lives,” he stated. Berman acknowledged the foundational work of the outgoing Board members during a critical period in Foresters’ evolution, establishing a strong base to build upon.

Continuing Legacy of Purpose

With a proud history dating back over 150 years, Foresters Financial has dedicated itself to helping families secure their financial futures while prioritizing purpose and community engagement. The organization offers life insurance services across the US and Canada, as well as savings solutions in the UK, reflecting its commitment to enriching the lives of its members.

In alignment with their mission, Foresters is committed to sustainability, environmental stewardship, and social responsibility. These principles are integral to delivering meaningful benefits such as community unifying grants and competitive scholarship programs, all designed to inspire and enable members to make a positive impact.

Making a Difference

As Foresters Financial embarks on this new chapter with a refreshed Board of Directors, the focus remains on fostering strong communities, advocating for sustainability, and empowering members in their personal journeys. The board's diverse expertise will be essential as the organization navigates future challenges and opportunities, ensuring that doing good remains at the heart of Foresters’ work.

For more information about Foresters Financial and its Board of Directors, visit Foresters.com.