NEW YORK, March 1, 2017 /PRNewswire/ -- Voya Financial, Inc. (NYSE: VOYA), announced today that Chief Financial Officer Michael Smith has joined the board of trustees for the Actuarial Foundation, a nonprofit organization with more than 20 years of history providing lifelong math education and financial literacy through its learning resources and scholarships.
"It is a great privilege to be chosen to serve as a trustee," said Smith. "Helping develop financial resilience in youth by advancing STEM skills, such as math and financial literacy, is critically important, and I am honored to have an opportunity to help guide the Foundation forward."
As CFO and a member of Voya's executive committee, Smith is responsible for strategic finance, capital management, actuarial, tax, insurance investments, controllership, financial reporting, procurement, expense management, treasury and investor relations. Prior to becoming CFO, Smith served in several leadership positions at Voya including CEO of Insurance Solutions; chief risk officer (CRO); and CFO, CRO and CEO of Annuities. Since 2009, he has overseen Voya's legacy variable annuity business, which is now known as the Closed-Block Variable Annuity segment. Smith also serves on the board of directors of Voya Financial's charitable giving arm, Voya Foundation.
"Leveraging the talent and knowledge of our industry partners is key in achieving our stated mission," said Jason Leppin, Executive Director of the Actuarial Foundation. "Mike is a strong addition to our board, in both his actuarial experience and in his passion for improved financial outcomes for all Americans."
Smith is frequently sought out for his participation in industry events. He most recently participated in panels for the Society of Actuaries and the Global Insurance Symposium, and has also addressed actuarial students at the Fox School of Business at Temple University. Smith holds bachelor's degrees in economics and Russian studies from the University of Michigan and attained Fellowship in the Society of Actuaries in 1990. He is a member of the American Academy of Actuaries and has been a CFA® Charterholder since 2003. Smith serves on the boards of LL Global, Inc., the parent organization of LIMRA and LOMA, as well as People's Light & Theatre Company.
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About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), helps Americans plan, invest and protect their savings — to get ready to retire better. Serving the financial needs of approximately 13 million individual and institutional customers in the United States, Voya is a Fortune 500 company that had $11 billion in revenue in 2016. The company had $484 billion in total assets under management and administration as of Dec. 31, 2016. With a clear mission to make a secure financial future possible — one person, one family, one institution at a time — Voya's vision is to be America's Retirement Company®. Certified as a "Great Place to Work" by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible and has been recognized as one of the 2016 World's Most Ethical Companies® by the Ethisphere Institute, and as one of the Top Green Companies in the U.S., by Newsweek magazine. For more information, visit voya.com. Follow Voya Financial on Facebook and Twitter @Voya.
About The Actuarial Foundation
The Actuarial Foundation is a 501(c)(3) organization committed to changing lives through math education. Established in 1994, the mission of the Foundation is to enhance math education and financial literacy through the talents and resources of actuaries. The Foundation's vision is an educated public in pursuit of a secure financial future. For more information, please visit http://actuarialfoundation.org/.
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SOURCE Voya Financial, Inc.