September 05, 2008 07:18 PM Eastern Time 

Dewey P. Bushaw Named Executive Vice President of Pacific Life’s Annuities & Mutual Funds Division

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Pacific Life Insurance Company’s chairman, president and CEO James T. Morris has announced that Dewey Bushaw will become Executive Vice President of Pacific Life’s Annuities & Mutual Funds Division effective January 1, 2009. He will succeed Bill Robinson, who is retiring after a 14-year career at Pacific Life, 11 of those overseeing the Annuities & Mutual Funds Division.

Mr. Bushaw, 54, joined Pacific Life in 1994 as a national sales manager. He was promoted to vice president, Sales, and then to senior vice president, with increased responsibilities in the internal wholesaling, national accounts, and conference planning departments. In 2005, Mr. Bushaw was named senior vice president and chief marketing officer for the Annuities & Mutual Funds Division, with additional responsibility for all marketing areas within the division, including product development. Mr. Bushaw is a graduate of the University of Colorado and he received his MBA from the University of Denver.

“Dewey’s proven organizational skills and deep knowledge of the industry, his ability to build relationships, and his competitive drive, make him ideally suited to this leadership role,” said Morris.

Mr. Robinson has been instrumental in building the Annuities & Mutual Funds Division into one of the most successful businesses in Pacific Life’s history. He joined Pacific Life in 1994 as chief marketing officer, shortly after the division started, and was promoted to executive vice president in 1997.

Regarding retiring executive Bill Robinson, Morris said, “Bill utilized his ability to develop and integrate a variety of strategies in response to trends in the industry’s competitive structure. These skills, along with his passion for execution, his ability to motivate a team around a common purpose, and the significant relationships he built throughout the industry, were major contributions in transforming Pacific Life’s start-up variable annuities unit into one of the leading annuities and mutual funds businesses in the industry.”

Offering insurance since 1868, Pacific Life provides a wide range of life insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. With more than 100 of the largest U.S. companies as its clients, Pacific Life is also a member of the Insurance Marketplace Standards Association (IMSA), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional company information, including current financial strength ratings, visit Pacific Life online at www.PacificLife.com.

Pacific Life is the name that refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Client count data compiled by Pacific Life using the FORTUNE 500® list as of April 2008.