Press release submitted by Modern Woodmen|
Modern Woodmen of America announces board changes
Larry L. Schreiber, Davenport, Iowa, will retire from Modern Woodmen of America's board of directors effective Feb. 28, 2014. He will remain with the financial services organization as its chief risk officer. Jerry J. Lyphout, East Moline, Ill., has been appointed to fill the board position effective March 1.
Larry has served on Modern Woodmen's board of directors since January 2011. He joined Modern Woodmen in 1984 as its chief actuary and was appointed its chief risk officer in September 2011.
Jerry joined Modern Woodmen in 1983 in the Issue Department and was promoted to systems supervisor in the department in 1985. He was named manager of the Qualified Plans Department (now Advanced Sales Department) in 1997 and president of MWA Financial Services, Modern Woodmen's broker/dealer, in 2013. Jerry brings extensive experience working with operations, marketing and the sales force at Modern Woodmen to the board position.
Founded in 1883, Modern Woodmen touches lives and secures futures. The fraternal financial services organization offers financial products and fraternal member benefits to individuals and families throughout the United States.
We are pleased to announce that Larry L. Schreiber will retire from Modern Woodmen of America's board of directors effective Feb. 28. Jerry J. Lyphout has been appointed to fill the board position effective March 1.
Larry joined Modern Woodmen in 1984 as chief actuary and was appointed to Modern Woodmen's board of directors in January 2011. When Modern Woodmen consolidated risk management responsibilities into the Office of Risk Management in September of 2011, Larry became Modern Woodmen's first chief risk officer. He will continue to serve in that capacity until his retirement in June.
"During his tenure, Larry was instrumental in educating others on the various financial aspects of the business," says President Kenny Massey. "He successfully formed the Office of Risk Management, which helps us better understand the multiple risks and opportunities that Modern Woodmen and its subsidiaries face in the future."
Jerry joined Modern Woodmen in 1983 as a management trainee in the Issue Department and was promoted to systems supervisor in the department in 1985. He was named manager of the Qualified Plans Department (now Advanced Sales Department) in 1997 and president of MWA Financial Services in 2013.
Jerry brings extensive experience working in both the operations and marketing sides of Modern Woodmen and has successfully led several major initiatives for the organization. Most recently he managed the team that oversaw Modern Woodmen's combining with Equitable Reserve Association in 2012.
We wish Larry and his wife Judy a long and happy retirement and congratulate Jerry on his new position.