Pacific Life Announces New Head of Retirement Solutions Division

Joe Celentano to Assume Leadership Following Retirement of Dewey Bushaw

 

NEWPORT BEACH, Calif. – August 23, 2018 – Pacific Life today announced Joe Celentano, senior vice president and chief finance and risk officer of the company's Retirement Solutions Division (RSD), will succeed Dewey Bushaw as leader of the business unit, effective January 1, 2019. The Retirement Solutions Division offers products and solutions designed to help individuals and families achieve asset growth, sustainable retirement income, and long-term financial independence.

Mr. Celentano joined Pacific Life in 1992 and has served in a variety of leadership roles throughout the company. He previously served as Pacific Life’s chief risk officer from 2012 – 2017 before joining RSD in his current role overseeing the division’s financial and risk management operations. In his new role as executive vice president, Mr. Celentano will focus on growth and innovation, while also continuing the expansion of product offerings and distribution channels to meet the needs of Pacific Life’s evolving clients. He will transition into his new role over the course of the fourth quarter in 2018.

"Joe’s leadership, sharp strategic and analytical perspective, and deep knowledge across our businesses makes him ideally suited for this role," said Pacific Life Chairman, President and CEO Jim Morris.

Mr. Bushaw's retirement marks the end of a distinguished and memorable 24-year career with Pacific Life with many significant contributions, most notably his strong leadership in stewarding the division through a period of unprecedented growth and industry changes.

"With his keen sense for market opportunities, Dewey’s tireless efforts toward building the business that we have today has helped prepare RSD for even greater success in the future," said Morris. "We thank Dewey for his many contributions to Pacific Life, and celebrate his remarkable career of outstanding commitment and dedication to the company."

 

About Pacific Life’s Retirement Solutions Division

Pacific Life’s Retirement Solutions Division offers a broad range of products designed to help individuals and families achieve asset growth, sustainable retirement income, and long-term financial independence. Its offerings include fixed annuities, variable annuities, and mutual funds. The division also helps businesses manage and fulfill their long-term retirement plan commitments to employees through structured settlements and pension risk-transfer solutions.

 

About Pacific Life

Celebrating its 150th anniversary in 2018, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. Client count as of June 2017 is compiled by Pacific Life using the 2017 FORTUNE 500® list.

For additional company information, including current financial-strength ratings, visit www.PacificLife.com. To explore the heritage of Pacific Life and learn more about our history, visit www.pl150years.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.

 


Media Contact:

Steve Chesterman
(949) 219-3243

Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. 

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.

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