Lincoln Financial Group enhances Retail Solutions leadership team to strengthen alignment, collaboration across Life and Annuity businesses

Tenured Lincoln leader Stephen Turer promoted to lead the company’s Life and Annuity product lines, and industry veteran Thomas Diemer joins to lead the Retail Solutions finance organization

Lincoln Financial Group (NYSE: LNC) announced several enhancements to its Retail Solutions organization's leadership team, further strengthening alignment between Lincoln's Life and Annuity businesses. Stephen Turer has been promoted to Head of Insurance Solutions, overseeing Lincoln’s Life, MoneyGuard® and Annuity product lines. Thomas Diemer has been appointed Chief Financial Officer (CFO) of Retail Solutions. Both Turer and Diemer will report to Matt Grove, Executive Vice President and Head of Retail Solutions.

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Stephen Turer, SVP, Head of Insurance Solutions, Lincoln Financial Group

Turer’s newly created role of Head of Insurance Solutions brings Lincoln Financial Group’s Life, Annuity and MoneyGuard® product lines within the purview of a single leader. He now oversees the development and management of all retail insurance products, profitability, strategy and alignment with the broader Retail Solutions business.

“As we continue aligning our Life and Annuity businesses, Stephen’s product expertise and leadership experience make him the perfect person for this newly created role,” said Grove. “Stephen is a tenured leader with outstanding strategic intellect and an undeniable ability to build connections and create value. These skills are critical as we look to maximize knowledge and best practice sharing in our collaborative environment, and I am excited to see our business evolve under his leadership.”

As CFO, Diemer will oversee finance across Lincoln’s Retail Solutions business, which includes Lincoln’s Life and Annuity businesses, as well as Lincoln Financial Network, its wealth management business. He is responsible for current operating performance and risk, reporting financial progress, ensuring continuing control and protection of assets, and assessing financial implications of strategic initiatives across Retail Solutions.

“Tom’s extensive financial industry expertise adds incredible value to the Retail Solutions team,” said Grove. “His background as a strategic leader in the insurance industry makes him a great asset as we continue to focus on aligning our product teams, growing profitability and strengthening our capital position across our Life and Annuity businesses, as well as Lincoln Financial Network.”

Turer joined Lincoln Financial Group in 2005 as assistant vice president, Annuity Pricing, and took on increasing responsibility within the Annuity business. Most recently, he served as senior vice president and Head of Annuity Solutions, leading Lincoln’s annuity business capabilities and strategy. Throughout his career at Lincoln, Stephen has served as lead architect in several large annuity reinsurance transactions for both variable and fixed indexed annuities, including Union Hamilton Reinsurance and Athene Holding Ltd. Turer is the co-executive sponsor of Lincoln’s LGBTQ+ Business Resource Group. Prior to joining Lincoln, he was an actuary with Travelers Life & Annuity. Turer earned a bachelor's degree in actuarial science from Penn State University.

Diemer brings over 30 years of finance experience to Lincoln Financial. He joins Lincoln from AIG, where he served as CFO for AIG’s Life & Retirement businesses since 2015 and was responsible for overseeing the finances of the life, annuity, health, broker/dealer, mutual fund and bank product lines, spanning $400B in assets and $28B in total capital. Prior to that, he served as AIG’s Chief Risk Officer for Life and Retirement. Throughout his career, Diemer has also held leadership roles at Prudential Financial and Merrill Lynch. He received his MBA, Finance and Information Systems from NYU’s Stern School of Business, and bachelor’s degree in accounting from Fordham University.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $290 billion in end-of-period account balances net of reinsurance as of March 31, 2023. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2022 World’s Most Ethical Companies®. We create opportunities for early career talent through our intern development program, which ranks among WayUp and Yello’s annual list of Top 100 Internship Programs. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.

LCN-5766315-062223

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