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Newport Beach, CA (July 8, 2008) – It was announced today that J. Michael Shepherd has joined the boards of Pacific Mutual Holding Company and Pacific LifeCorp, the parent companies of Pacific Life Insurance Company.
Mr. Shepherd became president and CEO of Bank of the West on January 1, 2008, having served as president and chief operating officer since July 2006. Bank of the West, headquartered in San Francisco, serves nearly 4 million households and businesses in the Western and Midwestern states. It is a full service regional financial services company with over $61 billion in assets, more than 700 commercial and retail banking locations, and approximately 10,700 employees. Mr. Shepherd joined the bank in 2004 as executive vice president and general counsel. Prior to joining Bank of the West, Mr. Shepherd served as general counsel of The Bank of New York Company and of Shawmut National Corporation. In addition, he has served as senior deputy comptroller of the currency, associate counsel to the President of the United States, and deputy assistant attorney general.
Mr. Shepherd is a member of the Board of Directors of Bank of the West as well as its holding company, BancWest Corporation. In addition, he is a director of Promontory Interfinancial Network, the Presidio Trust, and Episcopal Charities of California and a member of the Council on Foreign Relations and the Financial Services Roundtable. He is a graduate of Stanford University and the University of Michigan Law School.
“Michael Shepherd is a respected businessman who brings extensive financial and legal expertise to our company,” said Jim Morris, chairman, president and CEO of Pacific Life. “We welcome him and his experience as he joins our boards.”
Founded in 1868, Pacific Life provides life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans.1 Pacific Life counts more than half of the 100 largest U.S. companies as clients2 and is a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities.
1 Product features and availability vary by state.
2 Data compiled by Pacific Life using the FORTUNE 500® list as of April 2008.
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