Pacific Life Announces New Head of Retirement Solutions Division

Business Wire

Joe Celentano to Assume Leadership Following Retirement of Dewey Bushaw

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Pacific Life today announced Joe Celentano, senior vice president and chief finance and risk officer of the company's Retirement Solutions Division (RSD), will succeed Dewey Bushaw as leader of the business unit, effective January 1, 2019. The Retirement Solutions Division offers products and solutions designed to help individuals and families achieve asset growth, sustainable retirement income, and long-term financial independence.

Mr. Celentano joined Pacific Life in 1992 and has served in a variety of leadership roles throughout the company. He previously served as Pacific Life’s chief risk officer from 2012 – 2017 before joining RSD in his current role overseeing the division’s financial and risk management operations. In his new role as executive vice president, Mr. Celentano will focus on growth and innovation, while also continuing the expansion of product offerings and distribution channels to meet the needs of Pacific Life’s evolving clients. He will transition into his new role over the course of the fourth quarter in 2018.

"Joe’s leadership, sharp strategic and analytical perspective, and deep knowledge across our businesses makes him ideally suited for this role," said Pacific Life Chairman, President and CEO Jim Morris.

Mr. Bushaw's retirement marks the end of a distinguished and memorable 24-year career with Pacific Life with many significant contributions, most notably his strong leadership in stewarding the division through a period of unprecedented growth and industry changes.

"With his keen sense for market opportunities, Dewey’s tireless efforts toward building the business that we have today has helped prepare RSD for even greater success in the future," said Morris. "We thank Dewey for his many contributions to Pacific Life, and celebrate his remarkable career of outstanding commitment and dedication to the company."

About Pacific Life

Celebrating 150 years of service in 2018, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as its clients. For additional company information, including current financial strength ratings, visit www.PacificLife.com. To explore the heritage of Pacific Life and learn more about our history, visit www.PL150years.com.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count as of June 2018 is compiled by Pacific Life using the 2018 FORTUNE 500® list.