Voya Shifts Retirement Business Leadership

Voya Financial Chairman and CEO Rodney Martin Jr. has taken over direct leadership of the company’s retirement solutions business.

Martin will manage operations in Voya’s retirement services and annuities segments, the firm explains. In connection with this change, Maliz Beams, most recently the CEO of Voya Financial’s retirement solutions business, is leaving the company to pursue other opportunities.

“Over the past few years, we have made significant progress toward achieving our long-term objectives and our vision to be America’s Retirement Company,” Martin says. “In considering the significant role that our retirement solutions business plays both in our financial performance and in our value proposition, at this time I have decided to directly oversee the next phase of the businesses’ growth and expansion.”

Martin adds that he is “committed to ensuring that we continue to leverage the full breadth of our capabilities, our scale and the current demographic trends as we strive to establish Voya Financial as the company of choice for helping Americans with their asset accumulation, asset protection and asset distribution needs.”

The firm is executing more than 30 margin, growth and capital initiatives across its operating business units, which cover retirement and annuity solutions, investment management, and insurance solutions in the form of employee benefits and individual life products.

More information is at the firm’s website.