Newport Beach, Calif. (April 4, 2005) -- Pacific Life Insurance Company’s Chairman and Chief Executive Officer Thomas C. Sutton announced the promotions of Marc E. Duquette to Vice President and National Sales Director; Howard T. Hirakawa, CFA, to Vice President, Product Development and Investment Marketing; Justine Milberg to Vice President, Pacific Life Academy; Stephen M. Bollinger, CFA, to Assistant Vice President, E-Commerce; Frank J. Boynton to Assistant Vice President, Operations; and Ronald M. Hubbard to Assistant Vice President, REIT/REOC.
Mr. Duquette, who has a B.S.B.A. degree from the University of Florida, joined Pacific Life in January of 2001 as a Regional Life Consultant. He was promoted to Assistant Vice President, National Account Wirehouse Marketing in 2001. His promotion to Vice President & National Sales Director recognizes his increased responsibilities for directing all activities relating to development and implementation of marketing strategy and achievement of production requirements for the National Accounts Wirehouse Marketing distribution channel. Mr. Duquette is a resident of Boca Raton, Florida.
A resident of Laguna Niguel, Mr. Hirakawa joined the company in 1990 and has held increasingly responsible positions within Pacific Life, including roles in corporate planning and institutional product development. He moved to the Annuities & Mutual Funds Division in 1998, assuming the role of Investment Marketing Director. He was promoted to Assistant Vice President, Product Development and Investment Marketing in 2000. His promotion to Vice
President, Product Development and Investment Marketing reflects his increasing role in market research and mutual funds product development for the Annuities & Mutual Funds Division. He is a Chartered Financial Analyst and has a B.S. degree from San Diego State University, and a M.B.A. from Claremont Graduate School.
Ms. Milberg, a resident of San Juan Capistrano, joined Pacific Life in 1978 as a Pension Underwriter. After a variety of management roles within Pacific Life’s Institutional Products and Securities Divisions, she joined Human Resources in 1999 as an assistant vice president, with responsibility for managing and directing the development and administration of company-wide training and development programs. Her promotion to Vice President, Pacific Life Academy, recognizes her impact on the Academy’s direction and growth with new or improved programs such as the eAcademy, Business School, and Management Development, as well as the organizational development consulting provided by Academy staff. Ms. Milberg holds a B.A. degree from Wellesley College and a M. A. from Tufts University.
Mr. Bollinger began his career with Pacific Life in 1995, after working as a Securities Analyst Intern for two years in the company’s Securities Division. Prior to joining the company, he received a Bachelor of Economics degree and a MBA from the University of California, Irvine. He became a manager in the Securities Division in 1997 and then transferred to become the Systems Manager in the Annuities & Mutual Funds Division in 2000. Mr. Bollinger was then promoted to Director, Web Solutions in 2002. His promotion to Assistant Vice President, E-Commerce, recognizes his increasing role in overseeing the technology organization responsible for the Division’s Internet, extranet, and intranet Web sites and business applications. Mr. Bollinger is a Chartered Financial Analyst and is a resident of Fountain Valley.
Mr. Boynton, a resident of Long Beach, joined the company in 1996, after receiving a Bachelor of Arts degree in Economics from Wesleyan University in Connecticut. He was promoted to Supervisor, Annuity Operations in 1998, and Operations Manager in 2000. In 2003 he was named Director, Customer Service, for the Annuities & Mutual Funds Division. His promotion to Assistant Vice President, Operations, recognizes his success in customer service and his
increasing role in overseeing the Division’s Newport Beach operations functions, including Customer Service, New Business, and Contract Administration.
Mr. Hubbard, who graduated from the University of Wisconsin with a Bachelor of Business degree in Accounting and a Masters in Business in both Real Estate and Finance, joined Pacific Life in 1995. In Pacific Life’s Real Estate Investments Division, he became Real Estate Capital Markets Manager in 1999 and Senior Real Estate Capital Markets Manager in 2001. He was promoted to Director in 2003. As Assistant Vice President, he continues his leading role sourcing and underwriting company level debt investments from public and private REITs. Mr. Hubbard currently resides in Irvine.
Founded in 1868, Pacific Life provides life and health insurance products, individual annuities, mutual funds, group employee benefits, and offers to individuals, businesses, and pension plans a variety of investment products and services. A FORTUNE 500® company, Pacific Life counts 25 of the 50 largest U.S. companies as clients1 and is a member of IMSA (Insurance Marketplace Standards Association), whose membership promotes ethical market conduct for individual life insurance and annuities.
1 Data compiled by Pacific Life using the 2004 FORTUNE 500 list, as of April 2004.