Lincoln National Corp. announced that it has promoted Randal J. Freitag to executive vice president and chief financial officer, effective January 1, 2011.
As chief financial officer, Freitag will lead the company’s financial team, which includes corporate finance, risk management, treasury, corporate tax, corporate actuarial, audit and investor relations. In addition, he will work closely with senior leaders throughout the company to develop strategies to position the company for the future. He will replace Frederick J. Crawford, who assumes the newly created position of executive vice president and head of corporate development and investments.
Freitag and Crawford will both serve on the company’s senior management committee and report to Dennis R. Glass, president and chief executive officer of the company.
Freitag developed his well-honed analytical and technical skills by serving in a number of increasingly responsible roles at the company since joining in 1995. He was named chief risk officer in 2007 with overall responsibility for enterprise risk management, capital and liquidity management, equity risk management and treasury. -PR Newswire