Photo above: Primerica’s corporate headquarters in Duluth, Ga.
Duluth, Georgia-based Primerica is carrying out its management succession plan with the appointment of a new CEO. At its Senior Leadership Meeting in Atlanta on Monday, the financial services provider announced that company President Glenn Williams will take on the role currently split between Co-CEOs Rick Williams and John Addison. Primerica has also elected Williams to its board of directors.
With Williams’ promotion, effective April 2015, 15-year Primerica veteran Peter Schneider will transition to the role of President. Schneider currently serves as Primerica’s Executive Vice President, General Counsel and, since 2010, Chief Administrative Officer. Longtime Primerica leaders Rick Williams and John Addison will remain members of the board, with Williams named non-executive Chairman of the Board and Addison non-executive Chairman of Primerica Distribution.
Primerica’s incoming CEO has overseen marketing for all of the company’s business lines. Williams initially joined Primerica as a representative before flipping to the corporate side in 1983. When Primerica launched its Canadian business, he took up residence in the country as part of the company’s expansion team. Williams went on to become President and CEO of Primerica Canada from 1996 to 2000, when he rejoined the company’s U.S. team as Executive Vice President of Field and Product Marketing.
“Glenn has served as our ‘right hand man’ for the past 10 years, and we are confident that he is the ideal leader to take the helm of our company and continue our growth trajectory,” Rick Williams said in a statement. “…He has valuable experience running our Canadian operations and leading Primerica’s overall management team, and he has been at the forefront of our most successful initiatives.”
