Unum Group Announces retirement of CFO Jack McGarry in October 2019, Steve Zabel to become CFO

CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum Group (NYSE: UNM) today announced that John F. “Jack” McGarry,
executive vice president and chief financial officer since 2015, will
retire from the company effective October 31, 2019. Steven A. Zabel,
president of Unum’s closed block of business, will assume the role of
executive vice president and chief financial officer effective July 1,
at which time McGarry, 61, will move into a role supporting a smooth
transition until his retirement.

We’re grateful to Jack for his many years of outstanding leadership in
a number of areas of our company,” said Unum Group President and CEO
Richard P. McKenney. “Our depth of talent and expertise allows us to
move through this change in a seamless way and continue to strengthen
our company in the process.”

McGarry has spent more than 32 years with Unum in a number of leadership
roles, including head of risk management for Unum US, president and CEO
of Unum UK, and president and CEO of closed block operations.

Zabel joined Unum in 2013 as senior vice president and chief risk
officer. He became president of Unum’s closed block of business in 2015.
He began his career with Ernst & Young as an auditor of life and health
insurance companies, then moved to Americo Life where he was responsible
for financial reporting. Later he spent more than 9 years with Genworth
Financial in senior finance roles, including chief financial officer for
insurance products.

Steve is an accomplished and highly regarded leader who has made
tremendous contributions to the success of our company,” McKenney said.
We are confident in his ability to build on the strength of our
financial team and help shape the future of our company.”

ABOUT UNUM GROUP

Unum
Group
is a leading provider of financial protection benefits in the
United States and the United Kingdom and the largest provider of
disability income protection in the world. Its businesses are Unum US,
Colonial Life, Unum UK, and Unum Poland. Unum’s portfolio includes
disability, life, accident and critical illness, dental and vision
coverage, which help protect millions of working people and their
families in the event of an illness or injury. Unum also provides
stop-loss coverage to help self-insured employers protect against
unanticipated medical costs. The company reported revenues of $11.6
billion in 2018, and provided $7.2 billion in benefits.

Contacts

INVESTORS
Tom White 423 294 8996

MEDIA
Jim Sabourin
423 294 6043

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