Great-West Lifeco Inc. is announcing a succession plan for its Chief Financial Officer to support the company's focus on building long-term, sustainable growth for its shareholders and all stakeholders. Jon Nielsen will be joining the company as CFO designate on September 5, 2023, and will be appointed Chief Financial Officer in Quarter 1 2024. Garry MacNicholas has made the decision to retire in Quarter 2, 2024 and will be working closely with Jon to ensure a seamless transition.

Jon joins Lifeco from Asian-based insurer, FWD, where he served as Chief Financial Officer. He has extensive international experience from across the insurance sector, having undertaken senior finance and risk roles in the United States, Asia, and Europe. He also holds a Master of Professional Accountancy and a Bachelor of Science in Business Administration from the University of Nebraska Lincoln.

After a successful 40-year career with the company that included leadership roles in Operations, Actuarial, Risk, and Finance, Garry MacNicholas has chosen to retire.