Lincoln National Hires Tyco’s Budzynski as Procurement Head

Lincoln National Corp. (LNC), the life insurer with more than $200 billion in assets, announced that Steven Budzynski has joined the company as senior vice president and head of procurement.

Budzynski, 48, joins from Tyco International Ltd. (TYC) and will report to Chief Financial Officer Randy Freitag, the Radnor, Pennsylvania-based insurer said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Megan Hickey in New York at mhickey18@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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