|[July 18, 2014]
Athene Holding Ltd. Names Brenda Cushing Chief Financial Officer
PEMBROKE, Bermuda --(Business Wire)--
Athene Holding Ltd. ("Athene Holding," and together with its
subsidiaries, "Athene" or the "Company") announced today it has promoted
Brenda Cushing to Chief Financial Officer of Athene.
Ms. Cushing assumes the role held by David Johnson, who is stepping down
as CFO of Athene to accept a position as CFO of a public company located
closer to his home and family in Washington D.C. Mr. Johnson had been
splitting his time between the Company's offices in Bermuda and West Des
Moines, Iowa. Ms. Cushing currently serves as CFO of Athene USA, a role
she has held since Athene's acquisition of Aviva USA in 2013. In that
position, she oversaw the majority of Athene's financial staff and its
reported financial results and played a leading part in Athene's
relationships with regulators, rating agencies, banks and investors. Ms.
Cushing served as CFO of Aviva USA prior to its acquisition by Athene
and also held senior finance roles within AmerUs, a publicly traded
company which was acquired by Aviva PLC in 2006.
Athene Chairman and Chief Executive Officer Jim Belardi said: "We are
fortunate to have a deep bench of talent at Athene and Brenda is a great
example. Her distinguished 21-year career in the financial services
industry handling a variety of senior financial roles, including CFO at
Athene USA, will bring continuity and value to this position as will her
well-established rlationships with our regulators and rating agencies.
I look forward to working closely with Brenda in her new role as CFO. We
also thank David for his service to Athene and we wish him well in his
personal and professional pursuits."
Athene Board of Directors Vice Chairman Imran Siddiqui said: "I am
excited that Brenda has accepted the opportunity to move up to the CFO
role at Athene, and I believe her talents and deep experience at Athene
are well suited to lead the Company's finance organization through its
next chapter. We are sorry to lose a professional like David, but we
understand the decision he made for his family."
David Johnson said: "This was a difficult decision. I am grateful for
the opportunity to work with the exceptionally talented team at Athene,
to contribute to the development of its unique and unparalleled business
model, and to have led Athene's finance organization during a period of
tremendous change and growth. I believe Brenda is a superb choice for
the CFO position."
Brenda Cushing said: "I would like to thank the Board and Jim for this
strong vote of confidence. In my new role, I look forward to continuing
the great work that David undertook in the finance organization."
Mr. Johnson will continue his service as CFO of Athene until August 20,
2014, when Ms. Cushing will assume his responsibilities.
About Athene Holding Ltd.
Athene Holding, through its subsidiaries, is a leading provider of
products in the retirement savings market. Athene's principal
subsidiaries include Athene Annuity & Life Assurance Company and Athene
Life Insurance Company, Delaware-domiciled insurance companies, Athene
Annuity and Life Company, an Iowa-domiciled insurance company, Athene
Annuity & Life Assurance Company of New York and Athene Life Insurance
Company of New York, New York-domiciled insurance companies, and Athene
Life Re Ltd., a Bermuda-domiciled reinsurer.
Athene Holding provides investment solutions, including tax-efficient
savings products, to support retirees as well as those saving for
retirement. The products offered by Athene include:
Retail fixed and equity indexed annuity products
Institutional products, such as funding agreements
Co-insurance and reinsurance arrangements with third-party annuity
Further information about our companies can be found at www.athene.bm.
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