OneAmerica CEO Dayton Molendorp to Retire

OneAmerica chairman of the board and CEO Dayton H. Molendorp has announced his plan to retire as CEO on March 31.

In a release, the Company said that Molendorp will remain chairman of the board of OneAmerica and its parent company American United Mutual Insurance Holding Company (AUMIHC).

"I have been truly blessed to serve as president and CEO of OneAmerica for nearly 10 years," said Molendorp, who assumed the chief executive role in 2004. "It has been an honor and a privilege to work with our unbelievably dedicated associates, agents and representatives to serve our policyholders and customers across the nation."

The AUMIHC board named OneAmerica's current president, J. Scott Davison, CLU, ChFC, as OneAmerica's next CEO, effective April 1, upon Molendorp's retirement. Davison was also elected to the AUMIHC board of directors at its January 14, board meeting.

"The OneAmerica companies weathered the financial crisis well because our mutual philosophy is a long-term commitment that puts our daily focus squarely on our customers," said Molendorp. "Our product is a promise to pay, and we take that promise seriously. Our job is to be there when our customers need us most."

Molendorp, 66, has been with AUL since 1987. He became senior vice president of AUL's Individual Operations in 1999 and was named president of AUL affiliate Pioneer Mutual Life Insurance Company in 2002. In 2003, he was named executive vice president of AUL and president of The State Life Insurance Company. He was named president and CEO of OneAmerica in 2004 and chairman of the AUMIHC board in 2007.

"Our organization is focused on taking care of families and businesses," said Molendorp. "In 2013, the OneAmerica companies paid our customers a record $2.4 billion in benefits. I'm proud to have had the opportunity to work for an organization that continues to help millions of Americans protect the financial security of their families and their businesses."

Scott Davison joined OneAmerica in 2000 and was named president in August of 2013 after serving as the company's executive vice president since 2011. OneAmerica said that Davison served as the Company's chief financial officer (CFO) from 2004-2011. A 28-year industry veteran, Davison previously worked in various financial roles at UNUM Corp. He serves on the boards of IU Health, LL Global, The American College, Indiana Sports Corp., Indiana Bond Bank and Camptown.

"Under Dayton's leadership OneAmerica has been among the fastest growing and strongest life insurance and retirement companies in the industry," said Davison. "We are well positioned in markets with excellent growth potential and have an outstanding team with a track record of success. Most importantly, we remain committed to putting the needs of our customers and their trusted advisors first, in everything we do."

"OneAmerica will be in exceptional hands with Scott at the helm," added Molendorp. "He knows our business and he believes in our mission. He has been an integral part of OneAmerica's success for more than a decade and he is well-prepared to serve as CEO."

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