Corebridge Financial (NYSE: CRBG) has recently welcomed Keith Gubbay and Colin J. Parris to its board of directors, bringing the total number of board members to 13. Keith Gubbay, who has been appointed following Nippon Life Insurance Company’s acquisition of a 21.6% equity interest in Corebridge Financial, has a wealth of experience in the financial industry. He most recently served as the chairman of Resolution Life Group’s US businesses until December 2024. Prior to this, he held senior roles with companies such as Sun Life, ING Americas, and Whitehall Financial Group.
Colin J. Parris, the other new addition to the board, has a strong background in technology and digital transformation. He previously served as the Senior Vice President and Chief Technology Officer at GE Digital and was a senior corporate officer of the GE Corporation from May 2020 to April 2024. Parris also spent two decades at IBM in various executive roles.
Corebridge Financial, with more than $410 billion in assets under management and administration as of September 30, 2024, is a significant player in the retirement solutions and insurance products market in the United States. The addition of these two experienced individuals to the board is expected to bring deep business experience, technical expertise, and strategic insight to the company as it continues to innovate and execute for its stakeholders. Following these announcements, the company's shares moved 0.7%, and are now trading at a price of $29.83. For more information, read the company's full 8-K submission here.
