Empire Life

Empire Life

May 13, 2008 16:23 ET

Empire Life Appoints Executive Vice-President and New Chief Financial Officer

KINGSTON, ONTARIO--(Marketwire - May 13, 2008) - Leslie C. Herr, MBA, CFP, CLU, CH.F.C., President and Chief Executive Officer of The Empire Life Insurance Company (Empire Life) has appointed Michael C. Schneider, FSA, FCIA, as Executive Vice-President, Finance, effective June 1, 2008.

Mr. Schneider joined Empire Life in 1977 as an actuarial student. He has served on the company's executive team for the past 20 years and as Chief Financial Officer since 1997. He plans to retire March 31, 2009 and will lead the company's capital management activities until that time.

Gary J. McCabe, CA, succeeds Mr. Schneider as Senior Vice-President and Chief Financial Officer, effective June 1, 2008. Mr. McCabe joined Empire Life as Corporate Controller in 1993 and was named Vice-President and Controller in 2003.

"Mike and Gary have proven themselves as tremendous leaders," said Mr. Herr, "Their extensive financial knowledge and experience has helped steer Empire Life to new levels of growth and achievement and I am confident will continue to do so in their new roles."

About Empire Life

A subsidiary of E-L Financial Corporation Limited, and in business since 1923, The Empire Life Insurance Company (Empire Life) provides financial security and wealth management solutions for the changing needs of Canadians. The Company's success comes from a commitment to being approachable and responsive to the needs of its clients and business partners, consistently solid investment performance and faith in its employees as future leaders. Empire Life is celebrating its 85th anniversary in 2008.

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