Toronto-based Foresters Tuesday announced the appointment of Tony Garcia as the financial services provider’s new president and CEO, effective May 1.
Garcia succeeds George Mohacsi, Foresters’ current president and CEO, who will retire from the organization on June 30.
With more than 26 years of executive management and leadership experience in the U.S. life and annuity industry, Garcia was most recently president of Western and Southern Agency Group in Cincinnati, Ohio.
Previously, he was president and CEO of TIAA-CREF Life Insurance Company. Other financial services industry experience includes positions with Allstate, HSBC and the HealthMarkets life and health subsidiaries.
Garcia currently serves on the Board of Trustees for the American College and Board of Trustees for the Center of Ethics for the American College. Formerly, he served on the Board of Directors for the American Council of Life Insurers.
“Tony Garcia is an outstanding choice who brings broad experience in the U.S. life and annuity industry, successfully leading transformational change and driving profitable growth,” says Dick Freeborough, chairman of Foresters’ board of directors.
Garcia and his family will be relocating to Toronto.
Foresters is the trade name and a trademark of The Independent Order of Foresters, a fraternal benefit society. It offers life insurance and investment product, and has more than one million members in Canada, the United States and the United Kingdom.