National Life GroupStore this angel in big sizeMontpelier, Vermont (October 14, 2008) – Mehran Assadi has been appointed the next admiral and arch controlling administrator of National Life Group (NLGroup), the company’s Board of Directors appear on Tuesday.
Assadi, currently admiral of NLGroup’s activity and accomplishment division, will accomplish Thomas H. MacLeay, who is backward Dec. 31 as admiral and CEO. MacLeay will abide as Chairman of the Board.
David Coates, the advance absolute administrator on the axle and administrator of the seek committee, said Assadi has been active in developing and active a action of success for the activity and accomplishment division.
“Mehran is a accurate leader,” said Coates. “He brings energy, activity and optimism to every appointment he is given. We accept Mehran is the best being to body on Tom’s amazing almanac of accomplishment.”
National Life Group, a Fortune 1000 aggregation with accumulated 2007 revenues of $1.4 billion, serves the banking needs of added than 700,000 customers. NLGroup includes its flagship company, National Life Insurance Company, founded in Montpelier in 1848; Life Insurance Company of the Southwest in Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors, all based in Montpelier.
Assadi, 50, abutting NLGroup in 2003 and was called admiral of the activity and accomplishment analysis two years later. He oversees the activity and accomplishment accumulation centers, which cover sales and administration as able-bodied as artefact development, new business, marketing, underwriting and chump service.
“Mehran understands what makes National Life special: our history, our heritage, our alternate structure, our focus on the alone and our abiding charge to bear on the promises we make,” said MacLeay. “Mehran aswell appreciates what we charge to do to abide able and aggressive in tomorrow’s marketplace.”
Assadi said that accepting called arch controlling administrator is an honor. “National Life is added than a company,” he said. “It is a jewel.”
“I feel advantaged to be asked to advance National Life Group, abnormally as we mark the 160th celebration of the founding of National Life Insurance Company,” he said.
Assadi will alone be the 16th being to serve as arch controlling in the 160 years back National Life Insurance Co. was chartered. MacLeay has served as admiral for 11 years and as CEO and administrator for six years.
Prior to abutting National Life Group, Assadi served as controlling carnality president, arch business administrator and arch advice administrator at Provident Mutual in Newark, Delaware. Previously he served for 16 years in assorted chief positions with United States Fidelity and Guaranty of Baltimore.
A alum of Towson University, Assadi has a Master's in Management Information Systems from the University of Baltimore.
Assadi and his wife Janet accept three sons, Anthony, Jordan, and Ryan.
About National Life Group
National Life Group (NLGroup) is a adapted ancestors of banking account companies that has auspiciously artificial a able character as a artefact innovator. Companies in the accumulation action a absolute portfolio of activity insurance, accomplishment and investment* articles to advice individuals, families and businesses accompany their banking goals.
NLGroup, a Fortune 1000 company, serves added than 700,000 customers. With 2007 accumulated acquirement of $1.4 billion and net assets of $109 million, NLGroup employs almost 900 employees, with a lot of amid at its home appointment in Montpelier, Vt. Group companies aswell advance offices in Dallas, New York, San Francisco, Boston and Philadelphia.
The Group is fabricated up of its flagship company, National Life Insurance Company, accountant in Montpelier, Vermont in 1848; Life Insurance Company of the Southwest, Dallas, Texas, and Sentinel Investments, Equity Services, Inc. and National Retirement Plan Advisors Inc., all based in Montpelier and are all affiliates. National Life Insurance Co. is accountant to do business in all 50 states and the District of Columbia. Life Insurance Company of the Southwest is not an accustomed insurer in New York. Each aggregation is alone amenable for its own banking action and acknowledged obligations. Sentinel Investments is a accumulation casting name for Sentinel Financial Services Co., Sentinel Asset Management, Inc., and Sentinel Administrative Services, Inc.
*Securities are offered through Registered Representatives of Equity Services, Inc., Member FINRA/SIPC, One National Life Drive, Montpelier, Vermont 05604 (802) 229-3900. National Life Group is a barter name of National Life Insurance Co., Montpelier, Vt., and its affiliates.
TC44536(1008)
Contact: Chris Graff
802-229-3882, cgraff@nationallife.com
One National Life Derive
Montpelier, VT 05604
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