Great-West Announces Retirement Services Promotions

Charles P. Nelson was appointed President of Great-West Retirement Services.

Nelson was formerly Senior Vice President of Great West Retirement Services, a business unit of Great-West Life & Annuity providing group retirement savings products and services.

Nelson joined Great-West in 1983 and is the senior officer responsible for all aspects of the retirement business’s defined contribution and defined benefit programs. He oversees the corporate, government, healthcare, non-profit, and institutional lines of business. His responsibilities include the general management of the business, which comprises recordkeeping, administration, operations, marketing, sales, products, financial results, and broker-dealer services. Nelson is a graduate of Whitman College with a degree in chemistry and economics.

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In addition, Great West Retirement Services appointed Mark S. Corbett, formerly Senior Vice President, Investments, to Executive Vice President and CIO, and James L. McCallen, formerly Senior Vice President and actuary, to Senior Vice President and CFO.

The promotions were included in a larger announcement that Mitchell T.G. Graye has been named president and CEO of Great-West Life & Annuity Insurance. Graye replaces Raymond L. McFeetors, who has been appointed Chairman of the Board.

“This appointment recognizes Charlie’s success in building Great-West Retirement Services into one of the country’s leading retirement plan providers,’ said Graye. “One of our goals is to expand our financial services business through acquisitions and organic growth, and Charlie is playing a key role in helping Great-West accomplish this.’

Most recently, Graye was Executive Vice President and CFO for Great-West, and prior to his roles within the Great-West family of companies, he held senior financial positions in both the corporate and investment banking sectors.