NEW ORLEANS, Sept. 29, 2011 /PRNewswire/ -- Pan-American Life Insurance Group (PALIG), a leading provider of life and health insurance in Latin America and the U.S., announced the hire of Scott Reitan as Senior Vice President of Administration and Information Technology.
Mr. Reitan will be overseeing all of Pan-American Life's corporate administration and information technology including the development of business solutions, strategy initiatives and tactical planning. Additionally, he will head the CIO Council and Operations Council.
For the last 18 months, Mr. Reitan has been engaged with Pan-American Life as a consultant guiding the company through a series of strategic initiatives, including the initial transition efforts to the Sarbanes-Oxley (SOX) compliance model.
"As a financial service industry veteran and CPA with more than 30 years of corporate and consulting experience, Scott's knowledge and expert insights have already been instrumental in identifying opportunities to enhance our business, information technology and corporate administration processes," said Jose S. Suquet, Chairman of the Board, President and CEO of Pan-American Life Insurance Group. "We look forward to his ongoing leadership in integrating competencies and enhancing the Group's information systems and functions."
Mr. Reitan's career began as an auditor with Ernst & Whinney, transitioning in the late 1980's to a leadership role with First Bank System. In the mid 1990's he established an independent consulting practice focused on profitability measurement, business intelligence and acquisition integration. In the late 1990's Scott joined Treasury Services Corporation and subsequently Oracle Corporation as Vice President of Financial Services Strategy. Most recently, Scott founded and served as Partner and President of Parkfield Group, a consulting firm focused on financial management, process improvement, corporate governance, SOX compliance, enterprise risk management and business continuity planning.
Mr. Reitan earned a B.S.B. in Accounting from the University of Minnesota and is a CPA. In his new post with Pan-American Life, Mr. Reitan will be relocating to New Orleans.
About Pan-American Life Insurance Group
The Pan-American Life Insurance Group is a leading provider of insurance and financial services serving nearly half a million customers throughout the Americas. New Orleans-based Pan-American Life Insurance Company, the Group's flagship member, has been delivering trusted financial services since 1911, employing more than 800 worldwide, providing top-rated life and health insurance, worksite benefits and financial services in 47 states, the District of Columbia (DC) and Puerto Rico. The Group's member companies offer individual and/or group life and health insurance throughout Latin America. The Group has branches and affiliates in Costa Rica, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Panama, and the Cayman Islands. For more information, visit the Pan-American Life Web site at www.panamericanlife.com
SOURCE Pan-American Life Insurance Group