Toronto-based Sun Life Financial Inc. announced three additions and other movements to its executive management team on Monday. The aim of these appointments is to further enhance Sun Life’s U.S. management expertise while leveraging leadership strength to accelerate international growth.

Jon A. Boscia, 56, will join as president of Sun Life Financial effective Oct. 14 and be based in Wellesley Hills, Mass. He will be responsible for Sun Life’s overall U.S. business, apart from Massachusetts Financial Services Co. and oversee worldwide marketing.

“Jon has a stellar reputation and is widely recognized as one of the top industry leaders in the overall retirement, insurance and investment management businesses; he has also led a successful public company. We are delighted he has chosen to join our team,” said Donald A. Stewart, CEO of Sun Life Financial.

Boscia has enjoyed a distinguished career with significant experience in strategic leadership, financial management, distribution and marketing. He retired from Lincoln Financial Group in August 2007, at which he served as its
CEO for 10 years. During his tenure, Mr. Boscia developed Lincoln into a company widely regarded as having one of the best business franchises in the industry with a strong distribution system and highly competitive products. He was responsible for the integration of multiple acquisitions and produced outstanding organic growth.

“Sun Life is known for its excellence in products, innovation and leadership. These advantages, coupled with an opportunity to join Don and his international leadership team, made this a very easy decision for me. I’m excited by this challenge,” Boscia said.

Joining Boscia’s team effective Oct. 27 will be Westley V.
Thompson, 53, as president of Sun Life Financial U.S. and Terrence J. Mullen, 43, as president of Sun Life Financial Distributors Inc. Thompson will be responsible for the Sun Life Financial U.S. business lines while Mullen will oversee distribution, including the distribution aspects of Sun Life’s Employee Benefits Group, life and annuities products and services. Both Thompson and Mullen join Sun Life from Lincoln Financial Group.

Thompson said: “I’m thrilled to be joining Sun Life, a company that responds to the needs of the marketplace by leveraging the strengths of its businesses and the expertise of its people.”

Added Mullen: “Sun Life has excellent brand equity among leading distributors and I see my role to expand and enhance our service offerings to our various customer groups and key partners.”

Robert Salipante, 52, has been appointed president of Sun Life Financial International and will work out of Sun Life’s corporate office in Toronto. He will assume enterprise-wide responsibilities, including information technology, shared business services, Sun Life Financial U.K., Reinsurance and other international strategic
initiatives. He will continue to lead Sun Life’s Bermuda operations, International Variable Annuity Center, Group Business International, and International Distribution.

Added Stewart: “Bob has made significant contributions to our business in the U.S. and our company will now benefit internationally from his expertise. The periodic rotation of our business leaders is one of the cornerstones of our international strategy.”

In his five-year tenure as president of Sun Life Financial U.S., Salipante led Sun Life’s U.S. business to a number of key accomplishments, including securing core carrier relationships for the individual business with pre-eminent distributors such as the M Financial Group and National Financial Partners.

Salipante also drove innovation in Sun Life’s annuities business with the launch of industry-first products including Income ON Demand, and doubled the size of Sun Life’s Employee Benefits Group through the successful acquisition and integration of Genworth’s group benefits business.

“I’m excited by this broader mandate given Sun Life’s mission and international potential,” Salipante said.

He will work with the new team in Wellesley Hills to ensure a seamless transition that will allow Sun Life to maintain customer focus and distribution support.