Athene Holding, the parent company of Athene Annuity & Life Assurance Company and Athene Life Insurance Company, has promoted a new chief financial officer (CFO) as the current CFO steps down.
Brenda Cushing assumes the role held by David Johnson, who is stepping down as CFO of Athene to accept a position as CFO of a public company.
Cushing currently serves as CFO of Athene USA, a role she has held since Athene’s acquisition of Aviva USA in 2013. In that position, she oversaw the majority of Athene’s financial staff and its reported financial results and played a leading part in Athene’s relationships with regulators, rating agencies, banks and investors.
Cushing served as CFO of Aviva USA prior to its acquisition by Athene and also held senior finance roles within AmerUs, a publicly traded company which was acquired by Aviva in 2006.
Jim Belardi, Athene chairman and chief executive officer, said: “We are fortunate to have a deep bench of talent at Athene and Brenda is a great example. Her distinguished 21-year career in the financial services industry handling a variety of senior financial roles, including CFO at Athene USA, will bring continuity and value to this position as will her well-established relationships with our regulators and rating agencies. I look forward to working closely with Brenda in her new role as CFO. We also thank David for his service to Athene and we wish him well in his personal and professional pursuits.”
Johnson said: “This was a difficult decision. I am grateful for the opportunity to work with the exceptionally talented team at Athene, to contribute to the development of its unique and unparalleled business model, and to have led Athene’s finance organisation during a period of tremendous change and growth. I believe Brenda is a superb choice for the CFO position.”
Cushing said: “I would like to thank the Board and Jim for this strong vote of confidence. In my new role, I look forward to continuing the great work that David undertook in the finance organisation.”
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Athene, David Johnson, North America, Brenda Cushing