Business report

New Chairman takes office for Lincoln Financial Group

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Ellen Cooper

Ellen G. Cooper recently assumed the role of President and CEO of Radnor-based Lincoln Financial Group and became a member of the board of directors of Lincoln National Corp.

Cooper previously served a decade in other senior roles, serving as executive vice president, chief investment officer and head of the Enterprise Risk and Annuity Solutions group. She was also a board member of the Lincoln Financial Foundation. In August, she was named CEO-Elect.

Cooper becomes the company’s 10th President and CEO and is the first woman to hold the position.

“I am thrilled to lead this incredible company, which has a long and successful track record of delivering strong shareholder results while delivering significant value to the customers who depend on us every day,” Cooper said. “By harnessing the power of our superior product manufacturing and distribution capabilities, combined with our strong culture centered on long-standing relationships and highly talented people, we will continue to provide reliable solutions to millions of Americans seeking financial security and protection for themselves and the people they care for, pretty much most.

Dennis R. Glass served as President and CEO for 15 years. He becomes chairman of the board of directors.

Lincoln Financial Group had $308 billion in account value at the end of the period March 31.