John Hancock Retirement announced Monday it's hiring industry veteran Wayne Park as its CEO.
The company, a division of Manulife Investment management, said Park will lead its U.S. retirement plan and record-keeping unit and oversee all aspects of the business. including sales, relationship management, product, strategy, marketing, operations and technology.
Park replaces Sue Reibel, who retired from the position at the end of 2022 after a nearly 30-year career at Manulife. Park will be based in Boston, reporting to Aimee DeCamillo, head of global retirement at Manulife Investment Management.
Manulife Investment Management boasts over $332 billion in retirement assets under management and administration, supporting over 260,000 retirement plans and serving more than 8.7 million individual participants.
Park joins John Hancock Retirement from American Century Investments, where he most recently served as president of American Century Services, responsible for direct-to-consumer and retirement plan businesses as well as an operations group supporting all client markets and channels. Before that, he served as head of individual investors for T. Rowe Price Group, after working for the Vanguard Group as principal in its institutional retirement plan business.
"We are happy to have found a leader of Wayne’s caliber who brings incredible hands-on experience to the CEO role across multiple dimensions,” DeCamillo said in a statement.
“As we looked to the future of how to help provide secure retirements for our participants, we saw a combination of both leadership and intuition in participant needs and operational experience that will help to ensure success in the direction, evolution, and growth of our U.S. Retirement business,” she added.
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