{"id":458033,"date":"2021-03-15T16:18:23","date_gmt":"2021-03-15T20:18:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458033"},"modified":"2021-03-15T16:18:23","modified_gmt":"2021-03-15T20:18:23","slug":"voya-financial-announces-new-operating-model-to-advance-its-growth-strategy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/","title":{"rendered":"Voya Financial Announces New Operating Model to Advance Its Growth Strategy"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Voya Financial Announces New Operating Model to Advance Its Growth Strategy<\/b><\/p>\n<p><b><i>Evolved model will position Voya\u2019s Retirement, Employee Benefits and Investment Management businesses for continued growth<\/i><\/b><\/p>\n<p><b><i>Michael Smith and Charles Nelson named vice chairmen<\/i><\/b><\/p>\n<p><b><i>Heather Lavallee named CEO, Wealth Solutions and Robert Grubka named CEO, Health Solutions<\/i><\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVoya Financial, Inc. (NYSE: VOYA), announced today several updates to its operating model and leadership team. The new model is designed to advance Voya\u2019s workplace and institutional client-focused strategy and growth plans, as well as ensure a customer-centric focus on health, wealth and investment solutions.\n<\/p>\n<p>\n\u201cVoya concluded 2020 with strong momentum across our businesses and, already in 2021, we have made further progress in increasing our company\u2019s focus on providing leading health, wealth and investment solutions through our Retirement, Employee Benefits and Investment Management businesses,\u201d said Rodney O. Martin, Jr., chairman and chief executive officer of Voya Financial, Inc. \u201cGoing forward, we see increased opportunities to leverage our unique capabilities, scale and reach to meet the increasing needs and demands of both employers and their employees. We are focused on how customer and client needs will continue to evolve and \u2013 importantly \u2013 how we can expand the solution set we offer to drive a more coordinated and integrated experience through the workplace. The operating model changes we are announcing today will put us in a strong position to execute our growth plans and to expand our capabilities.\u201d\n<\/p>\n<p><b>New vice chair roles<\/b><\/p>\n<p>\nIn addition to his role as chief financial officer and overseeing Voya\u2019s Finance and Risk areas, Michael Smith also will now serve as vice chairman. This reflects Smith\u2019s role leading Voya\u2019s enterprise strategy as well as his recently expanded responsibilities for technology, data science, transformation, continuous improvement, procurement, sourcing and supplier management, and real estate. Michael Katz, Voya\u2019s chief strategy, planning and investor relations officer, and Santhosh Keshavan, Voya\u2019s chief information officer, also will join Voya\u2019s executive committee. Katz and Keshavan will continue to report to Smith.\n<\/p>\n<p>\nCharles Nelson will serve as vice chairman and chief growth officer and will shape Voya\u2019s growth strategy, including customer segmentation. This includes an enterprise focus on better integrating across customer segments to expand Voya\u2019s reach in the workplace as well as beginning to target new customer segments and solutions and build upon the more than 13 million individual and institutional customers and approximately 55,000 employers that Retirement and Employee Benefits already serve. He will oversee enterprise revenue-growth activities, including sales and distribution, relationship management, health and wealth marketing and customer solutions. William Harmon, who will continue to report to Nelson, will also assume a new role as Voya\u2019s chief client officer, leading the health and wealth sales, distribution and relationship management teams.\n<\/p>\n<p><b>New CEOs of Health and Wealth Solutions<\/b><\/p>\n<p>\nHeather Lavallee, who currently serves as president of Retirement Tax-Exempt Markets, will become CEO of Wealth Solutions and Robert Grubka, who currently serves as president of Employee Benefits, will become CEO, Health Solutions.\n<\/p>\n<p>\nGrubka and Lavallee \u2013 who also will join Voya\u2019s executive committee and will now report to Martin \u2013 will collaborate with Christine Hurtsellers, CEO of Investment Management, to accelerate Voya\u2019s enterprise business growth. Hurtsellers will continue to advance Investment Management\u2019s momentum, while collaborating with Grubka and Lavallee to deliver integrated customer solutions across Voya.\n<\/p>\n<p>\n\u201cAs we saw during the unprecedented challenges of last year, Voya\u2019s unique portfolio of workplace and institutional businesses \u2013 combined with our brand and culture \u2013 have enabled our company to stand apart in the industry. As we look to the future, the opportunities to continue our growth momentum are exciting \u2013 with our unique capabilities, expertise and scale, we are well positioned to continue to meet the important and growing needs of our workplace and institutional clients,\u201d added Martin.\n<\/p>\n<p><b>About Voya Financial<sup>\u00ae<\/sup><\/b><\/p>\n<p>\nVoya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings \u2014 to get ready to retire better. Serving the financial needs of approximately 14.8 million individual customers, workplace participants and institutions in the United States, Voya is a <i>Fortune 500<\/i> company that had $7.6 billion in revenue in 2020. The company had $700 billion in total assets under management and administration as of Dec. 31, 2020. With a clear mission to make a secure financial future possible \u2014 one person, one family, one institution at a time \u2014 Voya\u2019s vision is to be America\u2019s Retirement Company<sup>\u00ae<\/sup>. Certified as a \u201cGreat Place to Work\u201d by the Great Place to Work<sup>\u00ae<\/sup> Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World\u2019s Most Ethical Companies<sup>\u00ae<\/sup> by the Ethisphere Institute; as the No. 1-ranked financial services firm among <i>Barron\u2019s<\/i> 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a \u201cBest Place to Work for Disability Inclusion\u201d on the Disability Equality Index. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.voya.com%2F&amp;esheet=52396179&amp;newsitemid=20210315005706&amp;lan=en-US&amp;anchor=voya.com&amp;index=1&amp;md5=8d86af871a9b9cd0c389ce98a643360f\">voya.com<\/a>. Follow Voya Financial on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fpages%2FVoya%2F215714485107840&amp;esheet=52396179&amp;newsitemid=20210315005706&amp;lan=en-US&amp;anchor=Facebook&amp;index=2&amp;md5=b20d6170cfda1bd5228d4c1ebb6dafe9\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fvoya%2F&amp;esheet=52396179&amp;newsitemid=20210315005706&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=469d97ed13141cada708ad898f92e8a0\">LinkedIn<\/a> and Twitter <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fvoya&amp;esheet=52396179&amp;newsitemid=20210315005706&amp;lan=en-US&amp;anchor=%40Voya&amp;index=4&amp;md5=15c76eec8c18d80c49ce65d2ee957eb0\">@Voya<\/a>.\n<\/p>\n<p>\nVOYA-IR VOYA-CF\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210315005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210315005706\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210315005706\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/>Christopher Breslin<br \/>\n<br \/>(212) 309-8941<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Christopher.Breslin@voya.com\">Christopher.Breslin@voya.com<\/a><\/p>\n<p><b>Investor Contact:<br \/>\n<\/b><br \/>Michael Katz<br \/>\n<br \/>(212) 309-8999<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@voya.com\">IR@voya.com<br \/>\n<\/a><i><br \/><\/i><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210315005706\/en\/633827\/3\/voy_r_fin_rgb_grd_pos_1567.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Voya Financial Announces New Operating Model to Advance Its Growth Strategy Evolved model will position Voya\u2019s Retirement, Employee Benefits and Investment Management businesses for continued growth Michael Smith and Charles Nelson named vice chairmen Heather Lavallee named CEO, Wealth Solutions and Robert Grubka named CEO, Health Solutions NEW YORK&#8211;(BUSINESS WIRE)&#8211; Voya Financial, Inc. (NYSE: VOYA), announced today several updates to its operating model and leadership team. The new model is designed to advance Voya\u2019s workplace and institutional client-focused strategy and growth plans, as well as ensure a customer-centric focus on health, wealth and investment solutions. \u201cVoya concluded 2020 with strong momentum across our businesses and, already in 2021, we have made further progress in increasing our company\u2019s focus on providing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Voya Financial Announces New Operating Model to Advance Its Growth Strategy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458033","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Voya Financial Announces New Operating Model to Advance Its Growth Strategy - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Voya Financial Announces New Operating Model to Advance Its Growth Strategy - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Voya Financial Announces New Operating Model to Advance Its Growth Strategy Evolved model will position Voya\u2019s Retirement, Employee Benefits and Investment Management businesses for continued growth Michael Smith and Charles Nelson named vice chairmen Heather Lavallee named CEO, Wealth Solutions and Robert Grubka named CEO, Health Solutions NEW YORK&#8211;(BUSINESS WIRE)&#8211; Voya Financial, Inc. (NYSE: VOYA), announced today several updates to its operating model and leadership team. The new model is designed to advance Voya\u2019s workplace and institutional client-focused strategy and growth plans, as well as ensure a customer-centric focus on health, wealth and investment solutions. \u201cVoya concluded 2020 with strong momentum across our businesses and, already in 2021, we have made further progress in increasing our company\u2019s focus on providing &hellip; Continue reading &quot;Voya Financial Announces New Operating Model to Advance Its Growth Strategy&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T20:18:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210315005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Voya Financial Announces New Operating Model to Advance Its Growth Strategy\",\"datePublished\":\"2021-03-15T20:18:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\\\/\"},\"wordCount\":890,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210315005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\\\/\",\"name\":\"Voya Financial Announces New Operating Model to Advance Its Growth Strategy - 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(NYSE: VOYA), announced today several updates to its operating model and leadership team. The new model is designed to advance Voya\u2019s workplace and institutional client-focused strategy and growth plans, as well as ensure a customer-centric focus on health, wealth and investment solutions. \u201cVoya concluded 2020 with strong momentum across our businesses and, already in 2021, we have made further progress in increasing our company\u2019s focus on providing &hellip; Continue reading \"Voya Financial Announces New Operating Model to Advance Its Growth Strategy\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T20:18:23+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210315005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Voya Financial Announces New Operating Model to Advance Its Growth Strategy","datePublished":"2021-03-15T20:18:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/"},"wordCount":890,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210315005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/voya-financial-announces-new-operating-model-to-advance-its-growth-strategy\/","name":"Voya Financial Announces New Operating Model to Advance Its Growth Strategy - 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