Lincoln National Corp., the insurer that repaid a $950 million bailout, promoted John Rhodes to chief risk officer.
Rhodes, 40, will remain head of equity risk management and will report to Chief Financial Officer Randal Freitag, the Radnor, Pennsylvania-based insurer said today in a statement. Freitag held the risk post before becoming CFO, said Michael Arcaro, a spokesman for the company.
Rhodes is a graduate of the U.S. Naval Academy and was an officer in the Navy’s nuclear propulsion program. He has a master’s degree in business from New York University.