Brooks Tingle is set to become CEO of John Hancock, a unit of Manulife, as Marianne Harrison will retire after 20 years at the helm.
Tingle, currently the head of John Hancock’s insurance division, will begin his new role on April 1 and join Manulife’s executive leadership team. He will report to Roy Gori, Manulife president and CEO.
“I’m confident that [Marianne] and Brooks will smoothly transition leadership of John Hancock, given their shared passion for our mission,” Gori said in a statement.
Tingle will take over one of the largest life insurers in the US, serving over 10 million clients with products including life insurance and annuities.
Harrison has been president and CEO of John Hancock since 2017. Previously she served as president and CEO of Manulife’s Canada division, president and general manager of John Hancock’s long-term care business and Manulife’s corporate controller.
“It has been an honor working with my colleagues across Manulife over the last twenty years, and to have led John Hancock these past five years,” said Harrison in a statement. “I can’t think of a better person than Brooks to lead John Hancock. He has a bold vision for our industry and an unsurpassed commitment to customers.”
Tingle led John Hancock’s embrace of behavioral insurance, offering savings and rewards for customers’ healthy living. He is also on the boards of John Hancock’s insurance companies, which include John Hancock Life Insurance Company and John Hancock Life Insurance Company of New York. Previously, Tingle served in various leadership positions across marketing, strategy and operations divisions of John Hancock Insurance.
“It’s a privilege to be John Hancock’s next President and CEO and join Manulife’s
leadership team,” Tingle said in a statement. “I am grateful to have learned so much from Marianne and look forward to working with her on a seamless transition. As a life insurer, we have a unique opportunity and responsibility to help people live longer, healthier, better lives.”
John Hancock, which is based in Boston, also supports US investors with investment capabilities and retirement planning and administration for individuals and plan sponsors.