Jon Boscia, president, Sun Life Financial Inc. (TSX:SLF), is retiring and will join the company’s board of directors, the company said Thursday.

“Jon has made a notable impact on our business in his time with Sun Life and we are delighted that he will continue to provide his insight and vision to the Company and our management team,” said CEO Donald Stewart, in a release.

“Under his leadership, Sun Life U.S. has attracted some of the top talent in the industry and successfully executed a redefined strategy. Sun Life’s businesses outside North America have also made progress under Jon’s leadership. In addition, he has advanced our worldwide branding and marketing efforts as well as ably leading our Sun Life Investments activities.”

Boscia is scheduled to retire in the first quarter of 2011 and will subsequently assume his responsibilities as a director.

While refraining to announce a successor to Boscia, Stewart commented, “Sun Life has deep executive bench strength and there will be an orderly transition of Mr. Boscia’s responsibilities”.

IE