National Life Group names Mehran Assadi as next CEO

first_imgMehran Assadi has been designated the next president and chief executive officer of National Life Group (NLGroup), the company’s Board of Directors announced on Tuesday.Assadi, currently president of NLGroup’s life and annuity division, will succeed Thomas H. MacLeay, who is retiring Dec. 31 as president and CEO. MacLeay will remain as Chairman of the Board.David Coates, the lead independent director on the board and chairman of the search committee, said Assadi has been instrumental in developing and executing a strategy of success for the life and annuity division.”Mehran is a proven leader,” said Coates. “He brings energy, enthusiasm and optimism to every assignment he is given. We believe Mehran is the best person to build on Tom’s tremendous record of accomplishment.”National Life Group, a Fortune 1000 company with combined 2007 revenues of $1.4 billion, serves the financial needs of more 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, joined NLGroup in 2003 and was named president of the life and annuity division two years later. He oversees the life and annuity profit centers, which include sales and distribution as well as product development, new business, marketing, underwriting and customer service.”Mehran understands what makes National Life special: our history, our heritage, our mutual structure, our focus on the individual and our unwavering commitment to deliver on the promises we make,” said MacLeay. “Mehran also appreciates what we need to do to remain strong and competitive in tomorrow’s marketplace.”Assadi said that being named chief executive officer is an honor. “National Life is more than a company,” he said. “It is a jewel.””I feel privileged to be asked to lead National Life Group, especially as we mark the 160th anniversary of the founding of National Life Insurance Company,” he said.Assadi will only be the 16th person to serve as chief executive in the 160 years since National Life Insurance Co. was chartered. MacLeay has served as president for 11 years and as CEO and chairman for six years.Prior to joining National Life Group, Assadi served as executive vice president, chief marketing officer and chief information officer at Provident Mutual in Newark, Delaware. Previously he served for 16 years in various senior positions with United States Fidelity and Guaranty of Baltimore.A graduate of Towson University, Assadi has a Master’s in Management Information Systems from the University of Baltimore.Assadi and his wife Janet have three sons, Anthony, Jordan, and Ryan.last_img read more

2 ‘pushers’ fall in Panay buy-bust

first_imgThe minor was turned over to the Panay municipal police station’s Womenand Children Protection desk, while Arcangeles was detained in the custodialfacility of the police station. Aside from suspected shabu, a P500 marked money and cash amounting toP150 were also seized from the suspects. The 21-year-old Kenn Joy Angeles and a 17-year-old minor – bothresidents of Roxas City, Capiz – yielded the suspected illegal drugs, policesaid. ROXAS City – Nine sachets of suspected shabu were seized in a buy-bustoperation in Barangay Tanza Sur, Panay, Capiz. Kenn Joy Angeles and a 17-year-old minor sits while antidrug officers inspect items seized from them. They were nabbed in an entrapment operation in arangay Tanza Sur, Panay, Capiz on Feb. 20. center_img Personnel of the Capiz Provincial Drug Enforcement Unit and the Panaymunicipal police station staged the entrapment operation on Feb. 20. “Gin monitor naton ang ila nga movement antes gin kasa ang operation saila,” Police Captain Marvin Balmes, Panay Chief of Police told Panay News. Charges for violation of Republic Act 9165, or the comprehensiveDangerous Drugs Act of 2002 will be filed against them./PNlast_img read more

ICC World Cup No pressure as only 1.5 billion people expecting India to win World Cup: Hardik

first_img New Delhi : The two-time World Champion, India has won its first two games against South Africa and Australia to occupy the fourth spot in the points table. With still seven league games to go, the cricket fanatics already have their hopes high. On this, the all-around Hardik Pandya has made light of Indians’ sky-high expectations from their revered cricket team, saying “maybe only 1.5 billion people are expecting” them to win the World Cup.The all-rounder has emerged as one of the biggest players in India’s quest to win their third World Cup.”(There is) no pressure because only maybe 1.5 billion people are expecting, so no pressure at all,” Hardik said in a video posted by the ICC.The 25-year-old said his sole objective is to win the World Cup.”On 14th July I want to have a Cup in my hand, that is the only thing. Even when I think of it it gives me goosebumps. My plan is simple – win the World Cup. I am hoping that and I expect that from myself,” he said.Hardik added, “(Playing for) India means everything to me, this is my life. I am someone who plays the game with love, passion and loves challenges. Three and half years I have been preparing for this, so the time has come.”The cricketer said the struggles he has faced during his journey have taught him to be happy irrespective of the situation.”I am a happy soul, I like to be happy no matter what happens in my life. Me and my brother (Krunal) were talking and he just mentioned that we, as brothers, are always happy about everything. “Because, for us, from where we have come, everything is a bonus.”He recalled India’s triumph in the 2011 World Cup and how he, then dreaming to one day play for the country, celebrated.”Few days back my friend sent me a picture and asked ‘if you remember this’ and I was like ‘I sure do’.”He clicked the picture of us celebrating after Indian winning the World Cup in 2011.And we were on the street because it was a festival. I have never seen so many people out in one night. It actually made me emotional.”Eight years down the line playing the 2019 World Cup, it’s been a dream. And my team-mates are my brothers,” Hardik said. India will play Pakistan on June 16 in Manchester. India is currently placed at number four with two wins in two games. New Zealand occupies the top spot in the points table.  For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.center_img highlightslast_img read more