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National Life Group CEO to retire

National Life Group has announced that Thomas MacLeay will retire as president and CEO of the group by the end of 2008.

Mr MacLeay joined National Life in 1976 as a security analyst, rapidly advancing through the management ranks and serving in pivotal positions at critical times in the company’s growth and expansion. He became president and COO in 1996; in 2002 he was named CEO and chairman of the board.

David Coates, lead independent director, said: Tom has worked to grow and diversify the businesses so that today the company has an excellent and healthy balance of business, with about a third of its assets under management from life insurance, a third from annuities and roughly 25% from Sentinel Investments, our asset management company.