Foresters Financial announced Sept. 16 that its President and Chief Executive Officer, James Boyle, intends to retire in February 2022.
“He accomplished a great deal in his tenure as our CEO and positioned Foresters well for continued success going forward,” stated Dan Fortin, Chairman of Foresters Financial. “Jim's leadership helped re-invigorate our identity as a purpose-driven company, focused on serving the life insurance needs of working families across North America and the UK. Authoring the Strength of Purpose 150 strategic plan, he led the team in executing key transactions to best align with our mission. The outcome is evidenced in our excellent business results and our membership engagement has never been healthier.”
Boyle has been at the helm of Foresters since January 2018. He was recently interviewed by Insurance Portal about the insurer’s growth strategy.
Louis Gagnon, currently Chief Operating Officer, has been tapped to succeed Boyle as President and Chief Executive Officer on Jan. 1, 2022 and will join the board upon Boyle's retirement. Gagnon joined Foresters earlier this year after more than 30 years with Mercer. Most recently he was President, US & Canada Region, for Mercer.
Regarding Louis Gagnon’s appointment as his successor, Boyle stated, "I am certain Louis is the right person at the right time for Foresters. He has quickly embraced our culture and he is a strong advocate of our purpose to enrich the wellbeing of our members and their communities... And especially important to me, Louis values our employees as much as I do."
