Radnor, Pa.-based Lincoln Financial has promoted three senior leaders to its Senior Management committee, all of whom will report to president and CEO, Ellen Cooper.
The appointments are the result of Lincoln’s deliberate, multi-year investment in developing its next generation of leaders from within the organization, officials said. The appointments include Darrel Tedrow as Exec. VP, President of Life Insurance and Retail Shared Services; Curtis Chesney as Exec. VP, President of Annuities; and Paul Spurr as Exec. Vice President, Chief Risk Officer and Chief Actuary.
“These promotions reflect the incredible depth of talent we have developed at Lincoln and our commitment to thoughtful, deliberate succession planning,” Cooper said. “Darrel, Curtis and Paul each bring deep institutional knowledge, proven leadership, and a track record of results that give me tremendous confidence in our path forward. It is genuinely exciting to see leaders of this caliber step into expanded roles, and I look forward to the energy they will bring to our Senior Management Committee as we continue to lead our talented workforce in executing on our strategy and delivering for our customers, partners, and shareholders.”
Tedrow joined the company 20 years ago and has served as President of Life since 2024. In his expanded role, Tedrow will continue to lead the Life business while also assuming executive oversight of operations and shared services functions supporting the company’s Retail businesses.
Chesney has been with the company for 17 years, most recently as CFO of Lincoln’s annuity business, and leader of corporate financial planning and analysis. He will be responsible for delivering on financial and growth objectives, overseeing product strategy and in-force management, and ensuring a high-quality experience for customers and advisors across all distribution channels.
Spurr has been with Lincoln for more than 20 years, serving in senior leadership roles across finance, risk, and actuarial functions. His new responsibilities will encompass advancing Lincoln’s risk management framework, overseeing the company’s risk profile, and ensuring risk considerations are embedded in capital allocation, product strategy, and business planning. He will also lead actuarial practices across valuation, reserving, and pricing, further enhancing discipline and consistency across the organization.
The company said the promotions coincide with the retirements of Brian Kroll, EVP and President of Retail Life and Annuity Solutions, and Andy Rallis, EVP and Chief Risk Officer — both effective June 1, 2026.
“We also want to recognize and thank Brian Kroll and Andy Rallis for their significant contributions to Lincoln,” Cooper said. “I am deeply grateful for their partnership, their leadership, and their commitment to our strategy and our people — and I wish them both the very best in their well-earned retirements.”