By Kelly Cloonan
Jackson Financial has appointed Chris Raub as president of its main operating subsidiary.
The financial services provider on Thursday said Raub will head Jackson National Life Insurance Company, effective April 14.
Raub has worked at Jackson for over 25 years, most recently as the company's executive vice president and chief risk officer.
He will oversee the company's distribution, product development and operations, among other areas.
Raub will receive a base salary of $600,000 and a target bonus of 175% of his base salary, as well as a target annual long-term equity incentive award of $2 million, according to a filing with the Securities and Exchange Commission.
Steve Binioris, the company's chief actuary, will succeed Raub as executive vice president and chief risk officer, overseeing enterprise risk management.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 10, 2025 17:00 ET (21:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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