Lincoln National Corp., the seller of life insurance and annuities, said Will Fuller, head of the wholesale distribution unit, will add duties as Robert Dineen scales back his role as part of a phased retirement.
Fuller, 41, will run a single unit with both wholesale and retail distribution, the company said today in a statement. Dineen, 63, who was president of the retail unit, was named a vice chairman and will continue to report to Chief Executive Officer Dennis Glass.
Glass is reshaping management at the Radnor, Pennsylvania-based insurer. Lincoln promoted John Rhodes to chief risk officer in July and said the same month it hired Ellen Cooper from Goldman Sachs Group Inc. as chief investment officer.
Today’s “organizational change reflects our normal succession process, with no change in our distribution strategy,” Glass said in the statement.
Fuller had led product distribution for the global wealth management division at Merrill Lynch & Co. before joining Lincoln in early 2009, according to the statement.