Primerica Inc. (PRI), a distributor of financial products, said that its board has promoted Glenn Williams, currently the company's President, to Chief Executive Officer and also elected him to the Board, effective April 1, 2015.
The current Co-Chief Executive Officers, Richard (Rick) Williams and John Addison Jr., will remain members of the Primerica Board.
In their new roles, Rick Williams, who has been with Primerica since 1989, will be non-executive Chairman of the Board and John Addison, who has been with the company since 1982, will be non-executive Chairman of Primerica Distribution.
The company also announced that it has promoted Peter Schneider to the position of President, also effective April 1, 2015.
Rounding out Primerica's executive group are Alison Rand, who has served as the Company's Chief Financial Officer since 2000, and Gregory Pitts, a 30-year Primerica veteran who will continue as the company's Chief Operating Officer, the company said.
Glenn Williams, age 55, began his career with Primerica in 1981 as a member of the company's sales force. He joined the Home Office team in 1983. In 1985, Williams moved to Canada as part of Primerica's international expansion team, where he spent 15 years in roles of increasing responsibility. He led Primerica Canada as President and Chief Executive Officer from 1996 to 2000. In 2000, he returned to Primerica's Duluth, Georgia-based headquarters as Executive Vice President of Field and Product Marketing for international operations. In 2005, Primerica elevated Williams to President of the Company.
Schneider has served as the Company's Executive Vice President and General Counsel since June 2000 and as Chief Administrative Officer since 2010, and he will retain his General Counsel duties for the foreseeable future.
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