Donald Guloien to step down as Manulife CEO

By The IJ Staff | May 25 2017 11:30AM

Donald Guloien and Roy Gori | Photos: CNW/ Manulife

Manulife announced May 25 that Donald Guloien, President and Chief Executive Officer, will retire as of Sept. 30.

Roy Gori, who will become Manulife's President on June 5, will succeed Guloien as CEO and join Manulife's Board of Directors, effective October 1. Gori's appointment is subject to immigration approvals. He currently serves as Senior Executive Vice President and General Manager of Manulife's Asia Division.

A lasting legacy

"Donald has had a respected career at Manulife over the course of 36 years, and will leave a lasting legacy on the Company," said Richard DeWolfe, Chairman of the Board. "Under his strong leadership, Manulife has dramatically grown its earnings, expanded its Asia and Wealth and Asset Management businesses, delivered significant shareholder value and rallied around the purpose of helping its 22 million customers achieve their dreams and aspirations."

"I couldn't be more thankful for the career I've enjoyed at Manulife, and I cherish the great relationships I've built with our Board, employees, customers, investors and other stakeholders around the world. I also look forward to helping Roy transition into the CEO role," said Guloien.

Craig Bromley leaves John Hancock

Manulife also announced that Craig Bromley, Senior Executive Vice President and General Manager of the Company's U.S. Division (John Hancock), has left the Company. Michael Doughty, who currently serves as President and General Manager of John Hancock Insurance, has been appointed General Manager of U.S. Division on an interim basis, subject to all necessary approvals.